Imports of goods and services to Australia tumbled 3 percent from the previous month to AUD 31.74 billion in April 2021, as domestic demand weakened following the latest COVID-19 outbreak in some states. Imports of consumption goods were down by 5 percent to AUD 9.59 billion, due to textiles, clothing and footwear; food and beverages; and consumption goods n.e.s. At the same time, imports of capital goods fell 5 percent to USD 6.54 billion, due to lower purchases of machinery and industrial equipment, industrial transport equipment and capital goods n.e.s. Meanwhile, purchases of intermediate and other merchandise goods rose 1 percent to AUD 10.83 billion, mainly driven by processed industrial supplies, fuels and lubricants, and primary industrial supplies n.e.s. Also, imports of services increased 2 percent to AUD 4.25 billion. source: Australian Bureau of Statistic
Imports in Australia averaged 12593.21 AUD Million from 1971 until 2021, reaching an all time high of 36199 AUD Million in September of 2019 and a record low of 393 AUD Million in May of 1972. This page provides the latest reported value for - Australia Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Imports - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Imports in Australia is expected to be 35000.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Australia to stand at 36000.00 in 12 months time. In the long-term, the Australia Imports is projected to trend around 36500.00 AUD Million in 2022, according to our econometric models.