Australia's trade surplus increased to AUD 13.20 billion in November 2022 from October’s of AUD 12.74 billion, beating market forecasts of a AUD 10.5 billion surplus. It was the largest trade surplus since June, as exports dropped less than imports, amid high inflation and aggressive monetary tightening by major economies. Exports dropped 0.4% from a month earlier to a three-month low of AUD 59.35 billion, while imports fell at a faster 1.5% to a five-month low of AUD 46.15 billion. Considering the first eleven months of the year, the trade surplus widened to AUD 127.36 billion from AUD 111.41 billion in the same period in 2021. Australia has posted monthly trade windfalls for 4-1/2 years, buoyed by robust sales of iron ore and natural gas. source: Australian Bureau of Statistics
Balance of Trade in Australia averaged 166.80 AUD Million from 1971 until 2022, reaching an all time high of 16840.00 AUD Million in June of 2022 and a record low of -4292.00 AUD Million in December of 2015. This page provides the latest reported value for - Australia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Balance of Trade in Australia is expected to be 13500.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Balance of Trade is projected to trend around 13200.00 AUD Million in 2024 and 13100.00 AUD Million in 2025, according to our econometric models.