Australia's trade surplus widened to AUD 5.80 billion in November 2019 from a downwardly revised AUD 4.08 billion in the previous month and above market consensus of AUD 4.15 billion. Exports rose 2 percent while imports dropped 3 percent. Considering the first eleven months of the year, trade surplus surged to AUD 63.26 billion from AUD 19.21 billion in the corresponding period of the prior year. Balance of Trade in Australia averaged -383.73 AUD Million from 1971 until 2019, reaching an all time high of 7905 AUD Million in June of 2019 and a record low of -4212 AUD Million in April of 2015. source: Australian Bureau of Statistics

Balance of Trade in Australia is expected to be 1600.00 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 -500.00 in 12 months time. In the long-term, the Australia Balance of Trade is projected to trend around 1000.00 AUD Million in 2020, according to our econometric models.

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Australia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
5800.00 4075.00 7905.00 -4212.00 1971 - 2019 AUD Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-03 01:30 AM Aug A$5.926B A$7.253B A$6B A$6.4B
2019-11-07 12:30 AM Sep A$7.18B A$6.626B A$5B A$5.2B
2019-12-05 12:30 AM Oct A$4.50B A$6.85B A$6.1B A$5.5B
2020-01-09 12:30 AM Nov A$5.8B A$4.075B A$4.15B A$4B
2020-02-06 12:30 AM Dec A$5.8B A$ 5.6B


News Stream
2019-12-05
Australia Posts Smallest Trade Surplus in 10 Months
Australia's trade surplus decreased to AUD 4.50 billion in October 2019 from a downwardly revised AUD 6.85 billion in the previous month and below market consensus of a surplus of AUD 6.1 billion. This was the smallest trade surplus since December last year, as exports slumped 5 percent month-on-month to AUD 40.75 billion, while imports rose 0.4 percent hitting a record high of AUD 36.25 billion. Considering the first ten months of the year, trade surplus surged to AUD 58.64 billion from AUD 16.51 billion in the corresponding period of the prior year.

2019-11-07
Australia September Trade Surplus Beats Expectations
Australia's trade surplus increased to AUD 7.18 billion in September 2019 from a revised AUD 6.62 billion in the previous month and compared to market consensus of AUD 5.0 billion. Exports hit an-all time high and imports were the second-highest on record. Considering the first nine months of 2019, the trade surplus soared to AUD 54.36 billion from AUD 14.08 billion in the corresponding period the prior year.

2019-10-03
Australia Posts Smallest Trade Surplus in 4 Months
Australia's trade surplus narrowed to AUD 5.93 billion in August 2019 from a marginally revised AUD 7.25 billion in the previous month and compared to market estimates of AUD 6 billion surplus. This was the smallest trade surplus since April, as exports declined by 3 percent month-over-month to AUD 40.98 billion, while imports fell 0.4 percent to AUD 35.06 billion. Considering the first eight months of 2019, the trade surplus soared to AUD 46.8 billion from AUD 11.7 billion in the corresponding period the prior year.

2019-09-05
Australia Trade Surplus Below Forecasts in July
Australia's trade surplus narrowed to AUD 7.27 billion in July 2019 from a downwardly revised AUD 7.98 billion in the previous month and below market estimates of a AUD 7.4 billion surplus. Imports increased 3 percent from a month earlier to AUD 35.27 billion, while exports grew at a softer 1 percent to AUD 42.54 billion. Considering the first seven months of 2019, the trade surplus soared to AUD 41.47 billion from AUD 9.18 billion in the corresponding period the prior year.

2019-08-06
Australia Posts Largest Trade Surplus on Record
Australia's trade surplus widened to AUD 8.04 billion in June 2019 from an upwardly revised AUD 6.17 billion in the previous month, easily beating market expectations of AUD 6 billion. It was the largest trade surplus on record, as exports rose by 1 percent to an all-time high of AUD 42.38 billion, while imports fell 4 percent to AUD 35.63 billion. Considering the first half of the year, the trade surplus increased sharply to AUD 34.17 billion from AUD 7.56 billion in the corresponding period of 2018.

2019-07-03
Australia Posts Largest Trade Surplus on Record
Australia's trade surplus widened sharply to AUD 5.75 billion in May 2019 from a marginally revised of AUD 4.82 billion in the previous month and beating market expectations of a surplus of AUD 5.25 billion. It was the largest trade surplus on record, as exports rose by 4 percent to an all-time high of AUD 41.59 billion, while imports advanced at a softer 2 percent to AUD 35.84 billion. Considering the January to May period, the trade surplus soared to AUD 25.70 billion from AUD 5.32 billion in the corresponding period the prior year.


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. .

Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 5800.00 4075.00 7905.00 -4212.00 AUD Million [+]
Current Account 7855.00 4669.00 7855.00 -22471.00 AUD Million [+]
Current Account to GDP -1.50 -3.40 2.30 -7.30 percent [+]
Imports 35093.00 36113.00 36214.00 393.00 AUD Million [+]
Exports 40893.00 40187.00 43040.00 435.00 AUD Million [+]
External Debt 2189706.00 2139816.00 2189706.00 147312.00 AUD Million [+]
Terms of Trade 101.10 100.20 106.40 47.50 points [+]
Foreign Direct Investment 80891.00 55183.00 80891.00 -37051.00 AUD Million [+]
Capital Flows -7893.00 -3500.00 24576.00 -7893.00 AUD Million [+]
Tourist Arrivals 774000.00 695000.00 1057900.00 30100.00 [+]
Gold Reserves 68.74 68.74 79.85 68.70 Tonnes [+]
Crude Oil Production 384.00 365.00 781.00 238.00 BBL/D/1K [+]
Terrorism Index 2.65 2.83 3.11 0.01 [+]
Weapons Sales 38.00 98.00 158.00 2.00 USD Million [+]