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.