Exports of goods and services from Australia dropped 0.4% month-over-month to a three-month low of AUD 59.35 billion in November 2022, amid weakening demand as intense cost pressures lingered globally and the impact of a resurgence of COVID infections in China, Australia's biggest trading partner. Sales of non-rural goods fell 0.5% to AUD 43.41 billion, mainly dragged down by demand for coal, coke, and briquettes (-2.2%), other mineral fuels (-12.1%), machinery (-9.0%), and other non-rural (-0.4%); while those of non-monetary gold slumped 14.4% to AUD 1.67 billion. Also, sales of rural goods declined by 0.6 percent to AUD 6.97 billion, dragged down by meat and meat preparations (-2.1%), cereal preparations (-0.8%), and wool and sheepskins (-30.1%). Meanwhile, sales of services grew 4.8% to AUD 7.25 billion, largely due to travel (8.5%) and other services (0.7%). source: Australian Bureau of Statistics
Exports in Australia averaged 13643.76 AUD Million from 1971 until 2022, reaching an all time high of 60892.00 AUD Million in June of 2022 and a record low of 435.00 AUD Million in October of 1971. This page provides the latest reported value for - Australia Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Exports - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Exports in Australia is expected to be 58500.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Exports is projected to trend around 63400.00 AUD Million in 2024 and 67500.00 AUD Million in 2025, according to our econometric models.