Australia's export prices unexpectedly rose by 5.5 percent on quarter in Q42020, easily beating market consensus of a 1.3 percent fall and shifting from a 5.1 percent drop in Q3. This was the first rise in export prices in three quarters and the steepest pace since Q1 2017, as the economy recovered from the COVID-19 hit. Main contributors to the advances were: metalliferous ores and metal scrap (11.5%), driven by the demand for iron ore from China; non-ferrous metals (9.6%), due to increased global manufacturing demand; petroleum (5.6%), on the slow recovery in oil demand post-pandemic; gas, natural and manufactured (2.1%), due to the oil-linked contracts capturing the beginning of the recovery in oil prices; and coal, coke and briquettes (0.9%), amid demand for thermal coal during the northern hemisphere winter. Offsetting contributors were: gold, non-monetary (-4.0%); and meat and meat preparations (-2.4%. Through the year to Q4, export prices rose 0.3%. source: Australian Bureau of Statistics

Export Prices in Australia averaged 57.90 points from 1974 until 2020, reaching an all time high of 114.80 points in the third quarter of 2019 and a record low of 16.30 points in the third quarter of 1974. This page provides the latest reported value for - Australia Export Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Export Prices - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Export Prices in Australia is expected to be 112.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Export Prices in Australia to stand at 111.00 in 12 months time. In the long-term, the Australia Export Prices is projected to trend around 108.00 points in 2022, according to our econometric models.

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Australia Export Prices

Actual Previous Highest Lowest Dates Unit Frequency
109.10 103.40 114.80 16.30 1974 - 2020 points Quarterly
2011-2012=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-30 01:30 AM Q1 2.7% -5.2% -2.5%
2020-07-30 01:30 AM Q2 -2.4% 2.7% -2%
2020-10-29 12:30 AM Q3 -5.1% -2.4% 1.8%
2021-01-28 12:30 AM Q4 5.5% -5.1% -1.3% -1.2%


News Stream
Australia Q4 Export Prices Unexpectedly Rise
Australia's export prices unexpectedly rose by 5.5 percent on quarter in Q42020, easily beating market consensus of a 1.3 percent fall and shifting from a 5.1 percent drop in Q3. This was the first rise in export prices in three quarters and the steepest pace since Q1 2017, as the economy recovered from the COVID-19 hit. Main contributors to the advances were: metalliferous ores and metal scrap (11.5%), driven by the demand for iron ore from China; non-ferrous metals (9.6%), due to increased global manufacturing demand; petroleum (5.6%), on the slow recovery in oil demand post-pandemic; gas, natural and manufactured (2.1%), due to the oil-linked contracts capturing the beginning of the recovery in oil prices; and coal, coke and briquettes (0.9%), amid demand for thermal coal during the northern hemisphere winter. Offsetting contributors were: gold, non-monetary (-4.0%); and meat and meat preparations (-2.4%. Through the year to Q4, export prices rose 0.3 percent.
2021-01-28
Australia Export Prices Fall at a Faster Pace in Q3
Australia's export prices declined by 5.1 percent on quarter in the three months to September 2020, following a 2.4 percent drop in the previous period, amid the coronavirus outbreak. Main contributors to the decrease were: gas, natural and manufactured (-39.7 percent) due to the oil-linked contracts capturing the historic low oil prices in the April/May period; coal, coke, and briquettes (-20.6 percent); and meat and meat preparations (-6.9 percent). Offsetting contributors were: metalliferous ores and metal scrap (9.8 percent); petroleum, petroleum products and related materials (37.4 percent); and gold, non-monetary (2.3 percent). Through the year to the third quarter, the export price index plunged 9.9 percent.
2020-10-29
Australia Export Prices Drop 2.4% QoQ in Q2
Australia's export prices declined by 2.4 percent quarter-on-quarter in the three months to June 2020, following a 2.7 percent rise in the previous period. Main contributors to the decrease were: petroleum, petroleum products and related materials (-46.6 percent); coal, coke and briquettes (-6.8 percent); gas, natural and manufactured (-7.2 percent); and non-ferrous metals (-7.9 percent). Offsetting rises were metalliferous ores and metal scrap (2.9 percent); gold, non-monetary (8.4 percent); and cereals and cereal preparations (4.8 percent). Through the year to Q2, the export price index fell 3.8 percent.
2020-07-30
Australia Q1 Export Prices Rise 2.7% QoQ
Australia's export prices rose by 2.7 percent quarter-on-quarter in the three months to March 2020, following a 5.2 percent fall in the previous period. Main contributors to the rise were: gold, non-monetary (excluding gold ores and concentrates (11.4 percent), metalliferous ores and metal scrap (2.3 percent), gas, natural and manufactured (4.3 percent); and meat and meat preparations (4 percent). Offsetting falls were petroleum, petroleum products and related materials (-7.8 percent); and non-ferrous metals (-2.8 percent). Through the year to Q1, the export price index increased 2.3 percent.
2020-04-30

Australia Export Prices
In Australia, Export Prices correspond to the rate of change in the prices of goods and services sold by residents of that country to foreign buyers. Export Prices are heavily affected by exchange rates.