Australia's trade surplus increased to a record high of AUD 9.68 billion in May 2021 from an upwardly revised AUD 8.16 billion in the previous month and compared with market consensus of a surplus of AUD 10 billion. Exports jumped 6 percent to a 20-month high of AUD 42.23 billion, while imports rose at a softer 3 percent to AUD 32.55 billion. Considering the first five months of the year, the trade surplus widened sharply to AUD 40.81 billion from AUD 31.89 billion in the same period of 2020. source: Australian Bureau of Statistics
Balance of Trade in Australia averaged -170.60 AUD Million from 1971 until 2021, reaching an all time high of 9681 AUD Million in May of 2021 and a record low of -4203 AUD Million in April 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 July of 2021.
Balance of Trade in Australia is expected to be 8000.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Australia to stand at 6000.00 in 12 months time. In the long-term, the Australia Balance of Trade is projected to trend around 5500.00 AUD Million in 2022, according to our econometric models.