Exports of goods and services from Australia dropped 4 percent month-over-month to a near three-year low of AUD 32.64 billion in August 2020, amid weakening global demand as some countries and states were hit by a resurgence in COVID-19 infections and escalating tensions between Beijing and Canberra. Sales of services fell 3 percent to AUD 5.21 billion due to tourism related services (-6%). Also, non-monetary gold plunged 62 percent to AUD 1.38 billion; while sales of goods under merchanting was unchanged at AUD 16 million. By contrast, exports of rural goods jumped 12 percent to AUD 3.31 billion, namely cereal grains & preparations (21%); other rural (14%) and meat & preparations (10%). Also, exports of non-rural goods rose 3 percent to AUD 22.73 billion, led by metals excluding non-monetary gold (3%); coal, coke and briquettes (9%). source: Australian Bureau of Statistics
Exports in Australia averaged 12095.11 AUD Million from 1971 until 2020, reaching an all time high of 43272 AUD Million in July of 2019 and a record low of 435 AUD Million in October of 1971. This page provides the latest reported value for - Australia Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Exports - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Exports in Australia is expected to be 38500.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Australia to stand at 40500.00 in 12 months time. In the long-term, the Australia Exports is projected to trend around 41000.00 AUD Million in 2021 and 42000.00 AUD Million in 2022, according to our econometric models.