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

Australia's trade surplus widened by 75 percent to AUD 0.83 billion in May of 2018 from a downwardly revised AUD 0.47 billion in the prior month but below market expectations of a AUD 1.2 billion surplus. Both exports and imports hit record highs. Balance of Trade in Australia averaged -539.52 AUD Million from 1971 until 2018, reaching an all time high of 4534 AUD Million in December of 2016 and a record low of -4210 AUD Million in April of 2015.

Australia Balance of Trade
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Australia Trade Surplus Widens Sharply in May


Australia's trade surplus widened by 75 percent to AUD 0.83 billion in May of 2018 from a downwardly revised AUD 0.47 billion in the prior month but below market expectations of a AUD 1.2 billion surplus.

Exports increased by 4 percent month-on-month to an all-time high of AUD 35.56 billion in May. Sales of non-rural goods rose by 4 percent to AUD 22.43 billion, mainly due to metal ores and minerals (4 percent); coal, coke and briquettes (6 percent); other mineral fuels (9 percent); other manufactures (3 percent); and machinery (4 percent). In addition, exports of non-monetary gold increased by 22 percent to AUD 1.87 billion while those of rural goods were almost unchanged at AUD 3.99 billion. An increase in sales of meat and meat preparations (4 percent), cereal grains and cereal preparations (2 percent) and wool and sheepskins (11 percent) was offset by a decline in other rural products (-6 percent). Exports of services went up by 1 percent to AUD 7.26 billion, due to travel sales (1 percent) and other services (1 percent). 
 
Imports rose at a softer 3 percent also to a record high of AUD 34.74 billion in May. Purchases of consumption goods increased by 6 percent to AUD 8.95 billion, mostly due to non-industrial transport equipment (2 percent); consumption goods n.e.s (7 percent); textiles, clothing and footwear (7 percent); and food and beverages (6 percent). Also, imports of intermediate and other merchandise goods went up by 4 percent to AUD 11.06 billion, driven by fuels and lubricants (4 percent); processed industrial supplies (6 percent); parts for transport equipment (12 percent); and other parts for capital goods (2 percent). Purchases of non-monetary gold jumped 23 percent to AUD 0.75 billion. By contrast, inbound shipments of capital goods declined by 2 percent to AUD 6.12 billion, led by civil aircraft and confidentialised items (-10 percent) and ADP equipment (-10 percent). Imports of services were almost unchanged at AUD 7.85 billion, as purchases of both travel and other services showed no growth while those of transport rose 3 percent. 
 
Considering the first five months of the year, the trade surplus narrowed to AUD 4.88 billion from AUD 9.13 billion in the same period of 2017.


Australian Bureau of Statistics | Chusnul Ch Manan | chusnul@tradingeconomics.com
7/4/2018 12:39:40 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-03 01:30 AM Balance of Trade A$1.53B A$1.35B A$0.65B A$0.75B
2018-06-07 01:30 AM Balance of Trade A$0.977B A$1.73B A$0.98B A$0.9B
2018-07-04 01:30 AM Balance of Trade A$0.83B A$0.47B A$1.2B A$1.2B
2018-08-03 01:30 AM Balance of Trade A$0.83B A$ 0.3B
2018-09-07 01:30 AM Balance of Trade
2018-10-05 12:30 AM Balance of Trade


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 827.00 472.00 4534.00 -4210.00 AUD Million [+]
Exports 35562.00 34209.00 35562.00 435.00 AUD Million [+]
Imports 34735.00 33737.00 34735.00 393.00 AUD Million [+]
Current Account -10469.00 -14661.00 277.00 -22594.00 AUD Million [+]
Current Account to GDP -3.10 -1.40 2.30 -7.30 percent [+]
External Debt 2005834.00 1941517.00 2005834.00 147312.00 AUD Million [+]
Terms of Trade 89.10 86.70 106.40 47.50 Index Points [+]
Foreign Direct Investment 60499.00 64825.00 64825.00 -37050.00 AUD Million [+]
Capital Flows 7339.00 16999.00 26186.00 -375.00 AUD Million [+]
Tourist Arrivals 679700.00 872400.00 1010600.00 30100.00 [+]
Gold Reserves 72.80 72.80 79.85 72.80 Tonnes [+]
Crude Oil Production 292.00 289.00 781.00 243.00 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
827.00 472.00 4534.00 -4210.00 1971 - 2018 AUD Million Monthly
SA




balance of trade by Country
Country Last
Australia 827.00 May/18
Brazil 5881.58 Jun/18
Canada -2771.20 May/18
China 416.13 Jun/18
Euro Area 16514.10 May/18
France -6005.00 May/18
Germany 19669.00 May/18
India -16600.00 Jun/18
Indonesia 1742.60 Jun/18
Italy 3377.54 May/18
Japan -578.32 May/18
Mexico -1587.00 May/18
Netherlands 5030.00 May/18
Russia 15151.00 May/18
South Korea 6331.21 Jun/18
Spain -3050045.00 Apr/18
Switzerland 2255.00 May/18
Turkey -7759.34 May/18
United Kingdom -2790.00 May/18
United States -43053.00 May/18


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