Australia's trade surplus narrowed sharply to a five-month low of AUD 8.73 billion in July 2022 from a downwardly revised AUD 17.13 billion in the previous month, which was the largest on record, and far below market forecasts of a surplus of AUD 14.5 billion, as exports fell while imports rose. Exports plunged by 9.9% mom to a three-month low of AUD 55.28 billion, mainly due to a sharp fall in sales of metal ores and minerals; and coal, coke and briquettes; while imports surged 5% mom to a fresh record high of AUD 46.55 billion, due to strengthened domestic demand, as the economy fully emerged from COVID-19 disruptions. source: Australian Bureau of Statistics

Balance of Trade in Australia averaged 97.58 AUD Million from 1971 until 2022, reaching an all time high of 17670 AUD Million in June of 2022 and a record low of -4033 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 October of 2022.

Balance of Trade in Australia is expected to be 13000.00 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 8500.00 AUD Million in 2023 and 5500.00 AUD Million in 2024, according to our econometric models.

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Australia Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-08-04 01:30 AM Jun A$17.67B A$15.016B A$14B A$ 11B
2022-09-08 01:30 AM Jul A$8.733B A$17.13B A$14.5B A$10B
2022-10-06 12:30 AM Aug A$8.733B A$10.1B A$9.9B


Related Last Previous Unit Reference
Balance of Trade 8733.00 17131.00 AUD Million Jul 2022
Current Account 18224.00 7500.00 AUD Million Jun 2022
Exports 55282.00 61359.00 AUD Million Jul 2022
Imports 46549.00 44228.00 AUD Million Jul 2022
External Debt 2195484.00 2178985.00 AUD Million Jun 2022
Terms of Trade 144.20 140.60 points Jun 2022
Capital Flows -18883.00 -2921.00 AUD Million Jun 2022
Foreign Direct Investment 33394.00 29274.00 AUD Million Dec 2021
Tourist Arrivals 325680.00 275300.00 Jul 2022

Australia Balance of Trade
In 2017 and 2018 Australia recorded trade surpluses mostly due to rise in a resource exports like natural gas, metal ores and minerals, coal, coke and briquettes and rural goods such as meat and cereals. The biggest trade surpluses are recorded with China, Hong Kong and Japan and New Zealand and the biggest trade deficits with the United States, Singapore, South Korea, Malaysia and Thailand. .
Actual Previous Highest Lowest Dates Unit Frequency
8733.00 17131.00 90005.00 -4033.00 1971 - 2022 AUD Million Monthly
SA

News Stream
Australia Posts Smallest Trade Surplus in 5 Months
Australia's trade surplus narrowed sharply to a five-month low of AUD 8.73 billion in July 2022 from a downwardly revised AUD 17.13 billion in the previous month, which was the largest on record, and far below market forecasts of a surplus of AUD 14.5 billion, as exports fell while imports rose. Exports plunged by 9.9% mom to a three-month low of AUD 55.28 billion, mainly due to a sharp fall in sales of metal ores and minerals; and coal, coke and briquettes; while imports surged 5% mom to a fresh record high of AUD 46.55 billion, due to strengthened domestic demand, as the economy fully emerged from COVID-19 disruptions.
2022-09-08
Australia Trade Surplus Notches New Record
Australia's trade surplus widened to a new record peak of AUD 17.67 billion in June 2022 from a downwardly revised AUD 15.02 billion in the previous month and easily beating market forecasts of a surplus of AUD 14 billion, as exports rose much more than imports, amid solid global demand and surging commodity prices. Exports grew by 5.1% mom to a new record high of AUD 58.55 billion, while imports grew at a much softer 0.7% mom to a new record peak of AUD 43.53 billion.
2022-08-04
Australia Trade Surplus Hits Record Peak
Australia's trade surplus widened to a record high of AUD 15.97 billion in May 2022 from an upwardly revised AUD 13.25 billion in the previous month and easily beating market forecasts of a surplus of AUD 10.73 billion, as exports rose more than imports, amid solid global demand and soaring commodity prices. Exports increased by 9.5% mom to a fresh record peak of AUD 58.40 billion, while imports grew at a softer 5.8% mom to a new record peak of AUD 42.44 billion. For the first five months of the year, the trade surplus increased sharply to AUD 60.67 billion from AUD 44.76 billion in the same period of 2021.
2022-07-07