Exports of goods and services from Australia soared 15 percent month-over-month to an 8-month high of AUD 42.42 billion in March 2020. Sales of non-rural goods jumped 15 percent to AUD 27.70 billion, led by metal ores and minerals (32 +percent), other mineral fuels, (10 percent), and coal, coke and briquettes (6 percent). Also, exports of rural goods rose by 7 percent to AUD 4.13 billion, in particular other rural (10 percent). In addition, sales of goods under merchanting grew 6 percent to AUD 19 million, while shipments of non-monetary gold rose by AUD 2.47 billion to AUD 3.57 billion. In contrast, sales of services dropped 9 percent to AUD 6.99 billion, mainly attributed to travel (-14 percent) due to the closure of international borders in an attempt to contain the covid-19 pandemic.
Exports in Australia averaged 11903.90 AUD Million from 1971 until 2020, reaching an all time high of 43090 AUD Million in July of 2019 and a record low of 435 AUD Million in October of 1971. This page provides the latest reported value for - Australia Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Exports - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Australian Bureau of Statistics
Exports in Australia is expected to be 38000.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Australia to stand at 36000.00 in 12 months time. In the long-term, the Australia Exports is projected to trend around 41000.00 AUD Million in 2021 and 42000.00 AUD Million in 2022, according to our econometric models.