Australia Balance of Trade  1971-2018 | Data | Chart | Calendar | Forecast

Australia's trade surplus narrowed by 20 percent to AUD 1.55 billion in July of 2018 from an upwardly revised AUD 1.94 billion in the prior month but above market expectations of a AUD 1.4 billion surplus, as exports fell while imports showed no change. Balance of Trade in Australia averaged -532.31 AUD Million from 1971 until 2018, reaching an all time high of 4534 AUD Million in December of 2016 and a record low of -4172 AUD Million in April of 2015.

Australia Balance of Trade
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Australia Trade Surplus Narrows 20% in July


Australia's trade surplus narrowed by 20 percent month-over-month to AUD 1.55 billion in July of 2018 from an upwardly revised AUD 1.94 billion in the prior month and above market expectations of a AUD 1.4 billion surplus, as exports fell while imports showed no change.

Exports from Australia decreased by 1 percent month-on-month to AUD 36.07 billion in July 2018. Sales of non-rural goods dropped 1 percent to AUD 22.79 billion, mainly due to metal ores and minerals (-5 pct); other non-rural (-29 pct); and other mineral fuels (-1 pct). In addition, exports of rural goods went down 2 percent to AUD 4.06 billion, dragged by cereal grains & cereal preparations (-11 pct); and wool and sheepskins (-8 pct). Also, sales of non-monetary gold tumbled 10 percent to AUD 1.79 billion. Exports of services were almost unchanged at AUD 7.42 billion, due to travel sales which declined 1 percent while sales of other services increased by 2 percent. Meantime, net exports of goods under merchanting jumped 175 percent to AUD 11 million.

Imports were almost unchanged month-over-month at AUD 34.52 billion in July. Purchases of intermediate and other merchandise goods rose by 6 percent to AUD 11.32 billion, driven by fuels and lubricants (23 pct). Also, purchases of non-monetary gold went up 11 percent to AUD 707 million. Imports of services increased 1 percent to AUD 7.75 billion, led by travel (2 pct); transport (2 pct); and other services(1 pct). In contrast, purchases of capital goods declined 6 percent to AUD 6.17 billion, due to civil aircraft and confidentialised items (-49 pct); telecommunications equipment (-4 pct); machinery and industrial equipment (-2 pct); ADP equipment(-4 pct); and industrial transport equipment n.e.s. (-3 pct). In addition, imports of consumption goods declined 4 percent to AUD 8.58 billion, mainly due to textiles, clothing and footwear (-9 pct); consumption goods n.e.s. (-2 pct); and food and beverages, mainly for consumption (-4 pct).
 
Considering the first seven months of the year, the trade surplus narrowed to AUD 8.21 billion from AUD 10.54 billion in the same period of 2017.
 
 


Australian Bureau of Statistics l Chusnul Ch Manan | chusnul@tradingeconomics.com
9/6/2018 9:55:44 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-04 01:30 AM Balance of Trade A$0.83B A$0.47B A$1.2B A$1.2B
2018-08-02 01:30 AM Balance of Trade A$1.873B A$0.725B A$0.9B A$ 0.3B
2018-09-06 01:30 AM Balance of Trade A$1.551B A$1.937B A$1.4B A$ 1B
2018-10-05 12:30 AM Balance of Trade A$1.551B
2018-11-02 12:30 AM Balance of Trade A$ 0.6B
2018-12-07 12:30 AM Balance of Trade


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 1551.00 1937.00 4534.00 -4172.00 AUD Million [+]
Exports 36070.00 36432.00 36432.00 435.00 AUD Million [+]
Imports 34519.00 34495.00 34757.00 393.00 AUD Million [+]
Current Account -13472.00 -11678.00 277.00 -22497.00 AUD Million [+]
Current Account to GDP -3.10 -1.40 2.30 -7.30 percent [+]
External Debt 2045588.00 2005834.00 2045588.00 147312.00 AUD Million [+]
Terms of Trade 87.70 89.10 106.40 47.50 Index Points [+]
Foreign Direct Investment 60499.00 64825.00 64825.00 -37050.00 AUD Million [+]
Capital Flows 12538.00 7111.00 25377.00 -375.00 AUD Million [+]
Tourist Arrivals 646700.00 609500.00 1015000.00 30100.00 [+]
Gold Reserves 72.80 72.80 79.85 72.80 Tonnes [+]
Crude Oil Production 272.00 276.00 781.00 243.00 BBL/D/1K [+]
Terrorism Index 3.09 2.74 3.11 0.01 [+]
Weapons Sales 97.00 134.00 158.00 2.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Australia Balance of Trade

In spite of Australia being a major exporter of commodities, the country has been reporting trade deficits with an exception of 2010, 2011 and 2017 as the majority of manufactured goods have to be imported. 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. . 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 - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1551.00 1937.00 4534.00 -4172.00 1971 - 2018 AUD Million Monthly
SA




balance of trade by Country
Country Last
Argentina -789.00 Jul/18
Australia 1551.00 Jul/18
Brazil 3774.99 Aug/18
Canada -114.30 Jul/18
China 279.10 Aug/18
Euro Area 17555.60 Jul/18
France -3490.00 Jul/18
Germany 16461.00 Jul/18
India -17390.00 Aug/18
Indonesia -1021.40 Aug/18
Italy 5676.00 Jul/18
Japan -444.59 Aug/18
Mexico -2889.20 Jul/18
Netherlands 4612.00 Jul/18
Russia 13402.00 Jul/18
Saudi Arabia 120299.00 Mar/18
Singapore 6755.10 Aug/18
South Africa -4657.00 Jul/18
South Korea 6900.00 Aug/18
Spain -2448240.00 Jun/18
Switzerland 1407.94 Aug/18
Turkey -5980.00 Jul/18
United Kingdom -111.00 Jul/18
United States -50082.00 Jul/18


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