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.

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Australia Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-12-08 12:30 AM Oct A$12.217B A$12.444B A$12.1B A$11.9B
2023-01-12 12:30 AM Nov A$13.201B A$12.217B A$10.5B A$10.9B
2023-02-07 12:30 AM Dec A$13.201B A$8.5B


Related Last Previous Unit Reference
Balance of Trade 13201.00 12743.00 AUD Million Nov 2022
Current Account -2278.00 14745.00 AUD Million Sep 2022
Exports 59348.00 59573.00 AUD Million Nov 2022
Imports 46147.00 46830.00 AUD Million Nov 2022
External Debt 2214883.00 2195484.00 AUD Million Sep 2022
Terms of Trade 131.40 135.00 points Dec 2022
Capital Flows 7868.00 -18883.00 AUD Million Sep 2022
Foreign Direct Investment 33394.00 29274.00 AUD Million Dec 2021
Tourist Arrivals 505240.00 430470.00 Nov 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
13201.00 12743.00 16840.00 -4292.00 1971 - 2022 AUD Million Monthly
SA

News Stream
Australia Trade Surplus Largest in 5 Months
Australia's trade surplus increased to AUD 13.20 billion in November 2022 from October's AUD 12.74 billion, beating market forecasts of an 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 central banks. Exports declined 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. Over 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 of 2021. Australia has posted monthly trade windfalls for 4-1/2 years, buoyed by robust sales of iron ore and natural gas.
2023-01-12
Australia Trade Surplus Narrows in October
Australia's trade surplus declined to AUD 12.22 billion in October 2022 from September’s three-month high of AUD 12.44 billion in the previous month, compared with market forecasts of a AUD 12.1 billion surplus, amid weakening global demand. Exports fell 0.9% from a month earlier to AUD 60.07 billion, while imports dropped at a softer 0.7% to AUD 47.85 billion. Considering the first ten months of the year, the trade surplus widened to AUD 105.63 billion from AUD 102.09 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.
2022-12-08
Australia Trade Surplus Tops Estimates
Australia's trade surplus increased to a three-month high of AUD 12.44 billion in September 2022 from an upwardly revised AUD 8.66 billion in the previous month, easily beating market forecasts of AUD 8.85 billion. Exports jumped 7.0% from a month earlier to the second highest on record of AUD 60.61 billion, while imports edged up 0.4% to a record figure of AUD 48.17 billion. Considering the first nine months of the year, the trade surplus widened to AUD 102.08 billion from AUD 91.95 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.
2022-11-03