Australia's trade surplus surged to AUD 10.60 billion in March 2020 from a downwardly revised AUD 3.87 billion in the previous month and easily market consensus of a surplus of AUD 6.8 billion. This was the largest trade surplus on record, ahead the country's coronavirus lockdown in late-March. Exports jumped 15 percent over a month earlier to an eight month high of AUD 42.42 billion, while imports slumped 4 percent to an over two-year low of AUD 31.82 billion. Considering the first three months of the year, the trade surplus widened to AUD 19.51 billion from AUD 14.47 billion in the same period of 2019.

Balance of Trade in Australia averaged -339.86 AUD Million from 1971 until 2020, reaching an all time high of 10602 AUD Million in March of 2020 and a record low of -4201 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 May of 2020. source: Australian Bureau of Statistics

Balance of Trade in Australia is expected to be 3500.00 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 1500.00 in 12 months time. In the long-term, the Australia Balance of Trade is projected to trend around -500.00 AUD Million in 2021 and 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
10602.00 3865.00 10602.00 -4201.00 1971 - 2020 AUD Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-06 12:30 AM Dec A$5.22B A$5.51B A$5.95B A$5.9B
2020-03-05 12:30 AM Jan A$5.21B A$5.38B A$4.8B A$4.9B
2020-04-07 01:30 AM Feb A$4.36B A$4.74B A$3.65B A$3.8B
2020-05-07 01:30 AM Mar A$10.60B A$3.87B A$6.8B A$6B
2020-06-04 01:30 AM Apr A$10.60B
2020-07-03 01:30 AM May
2020-08-06 01:30 AM Jun A$ 2.5B
2020-09-05 01:30 AM Jul


News Stream
Australia Posts Largest Trade Surplus on Record
Australia's trade surplus surged to AUD 10.60 billion in March 2020 from a downwardly revised AUD 3.87 billion in the previous month and easily market consensus of a surplus of AUD 6.8 billion. This was the largest trade surplus on record, ahead the country's coronavirus lockdown in late-March. Exports jumped 15 percent over a month earlier to an eight month high of AUD 42.42 billion, while imports slumped 4 percent to an over two-year low of AUD 31.82 billion. Considering the first three months of the year, the trade surplus widened to AUD 19.51 billion from AUD 14.47 billion in the same period of 2019.
2020-05-07
Australia Trade Surplus Smallest in 4 Months
Australia's trade surplus decreased to AUD 4.36 billion in February 2020 from a downwardly revised AUD 4.75 billion in the previous month and compared with market consensus of AUD 3.65 billion. This was the smallest trade surplus since October of last year, reflecting the impact of the COVID-19 pandemic. Exports tumbled 5 percent month-over-month to a 17-month low of AUD 37.76 billion, and imports slumped 4 percent to a 25-month low of AUD 33.4 billion. Considering the first two months of the year, the trade surplus narrowed to AUD 9.11 billion from AUD 9.84 billion in the same period of 2019.
2020-04-07
Australia Trade Surplus Larger than Forecast
Australia's trade surplus narrowed to AUD 5.21 billion in January 2020 from an upwardly revised AUD 5.38 billion in the previous month and compared to market consensus of AUD 4.8 billion. Exports tumbled 3 percent to a nine-month low due to lower sales of non-rural goods and non-monetary gold, while imports plunged 3 percent to the lowest for seven months as purchases fell mostly for capital goods and intermediate and other merchandise goods.
2020-03-05
Australia Trade Surplus Below Estimates in December
Australia's trade surplus decreased to AUD 5.22 billion in December 2019 from a downwardly revised AUD 5.51 billion in the previous month and missing market consensus of AUD 5.95 billion. Exports rose 1 percent month-over-month to AUD 41.29 billion, driven by sales of non-rural goods (1 percent); non-monetary gold (14 percent); rural goods (2 percent) and net exports of goods under merchanting (20 percent). Imports grew at a faster 2 percent to AUD 36.07 billion, boosted by higher purchases of capital goods (6 percent); consumption (4 percent) and intermediate & other merchandise goods (1 percent). The Australian Bureau of Statistics confirmed that the bushfires did not result in any impacts to International Trade in Goods and Services statistics for December. Considering 2019 as a whole, the country's trade surplus widened to AUD 67.74 billion from AUD 23.03 billion in 2018.
2020-02-06

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. .