Imports of goods and services to Australia plummeted 10 percent over a month earlier to a four-year low of AUD 28.71 billion in April 2020. Purchases of intermediate and other merchandise goods fell by 5% to AUD 9.88 billion, namely fuels and lubricants (-31 percent). Also, imports of non-monetary gold slumped 40 percent to AUD 615 million, while those of services tumbled 42 percent to AUD 3.75 billion, in particular travel, (-98 percent) and transport (-24 percent). Conversely, arrivals of consumption goods rose by 4 percent to AUD 8.61 billion, led by consumption goods n.e.s. (10 percent), and textiles, clothing and footwear(16 percent). In addition, imports of capital goods grew by 4 percent to AUD 5.85 billion, driven by ADP equipment (52 percent).
Imports in Australia averaged 12271.70 AUD Million from 1971 until 2020, reaching an all time high of 36133 AUD Million in October of 2019 and a record low of 393 AUD Million in May of 1972. This page provides the latest reported value for - Australia Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Imports - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Australian Bureau of Statistic
Imports in Australia is expected to be 35500.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Australia to stand at 34500.00 in 12 months time. In the long-term, the Australia Imports is projected to trend around 36000.00 AUD Million in 2021 and 36500.00 AUD Million in 2022, according to our econometric models.