Australia's trade surplus jumped to AUD 5.63 billion in September 2020 from a marginally revised AUD 2.62 billion in the previous month. This was the biggest trade surplus since June, amid improving global demand as more countries and states reopen further following the COVID-19 lockdowns. Exports surged 4 percent month-over-month to AUD 33.74 billion, while imports plunged 6 percent to AUD 28.11 billion. Considering the first nine months of the year, the country's trade surplus widened to AUD 54.81 billion from AUD 53.34 billion in the same period of 2019. source: Australian Bureau of Statistics
Balance of Trade in Australia averaged -273.62 AUD Million from 1971 until 2020, reaching an all time high of 10823 AUD Million in March of 2020 and a record low of -4166 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 November of 2020.
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 5000.00 in 12 months time. In the long-term, the Australia Balance of Trade is projected to trend around 5000.00 AUD Million in 2021 and 5500.00 AUD Million in 2022, according to our econometric models.