Australia's trade surplus jumped to AUD 10.14 billion in January 2021 from an upwardly revised AUD 7.13 billion in the previous month and easily beating market consensus of AUD 6.5 billion. This was the largest trade surplus on record, amid improving global demand as more countries reopen their economies following an easing of COVID-19 lockdowns. Exports surged 6 percent to a ten-month high of AUD 39.85 billion, while imports fell 2 percent to a three-month low of AUD 29.71 billion. source: Australian Bureau of Statistics
Balance of Trade in Australia averaged -224.21 AUD Million from 1971 until 2021, reaching an all time high of 10142 AUD Million in January of 2021 and a record low of -4194 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 March of 2021.
Balance of Trade in Australia is expected to be 4400.00 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 -500.00 in 12 months time. In the long-term, the Australia Balance of Trade is projected to trend around 5000.00 AUD Million in 2022 and 5500.00 AUD Million in 2023, according to our econometric models.