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.

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Australia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
9681.00 8157.00 9885.00 -4203.00 1971 - 2021 AUD Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-01 12:30 AM Feb A$7.529B A$9.616B A$9.7B A$9B
2021-05-04 01:30 AM Mar A$5.574B A$7.595B A$8B A$7B
2021-06-03 01:30 AM Apr A$8.028B A$5.794B A$7.9B A$6B
2021-07-01 01:30 AM May A$9.681B A$8.157B A$10B A$9.5B
2021-08-05 01:30 AM Jun A$9.681B A$ 8B
2021-09-02 01:30 AM Jul
2021-10-05 12:30 AM Aug
2021-11-05 12:30 AM Sep A$ 5B


News Stream
Australia Trade Surplus Hits Record Peak
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.
2021-07-01
Australia April Trade Surplus Beats Forecasts
Australia's trade surplus widened sharply to AUD 8.03 billion in April 2021 from an upwardly revised AUD 5.79 billion in the previous month and beating market consensus of a surplus of AUD 7.9 billion. This was the largest trade surplus since January, as exports jumped 3 percent to a 13-month high of AUD 39.77 billion, while imports sank 3 percent to AUD 31.74 billion. Considering the first four months of the year, the trade surplus widened to AUD 31.13 billion from AUD 24.85 billion in the same period of 2020.
2021-06-03
Australia Posts Smallest Trade Surplus in 4 Months
Australia's trade surplus narrowed to AUD 5.57 billion in March 2021, from AUD 7.60 billion in the previous month and missing market consensus of a surplus of AUD 8 billion. This was the smallest trade surplus since November last year, as exports fell by 2 percent to AUD 38.27 billion, while imports jumped 4 percent to a 13-month high of AUD 32.7 billion. Considering the first three months of the year, the trade surplus widened to AUD 22.7 billion from AUD 17.55 billion in the same period of 2020.
2021-05-04
Australia Trade Surplus Smaller than Expected
Australia's trade surplus narrowed to AUD 7.53 billion in February 2021, from the previous month's all-time high of AUD 9.62 billion and shy of market forecasts of AUD 9.7 billion. Exports were down 1 percent, while imports jumped 5 percent to a one-year high. Considering the first two months of the year, the trade surplus soared to AUD 17.15 billion from AUD 7.92 billion in the same period of 2020.
2021-04-01

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. .