Exports of goods and services from Australia dropped 4 percent month-over-month to a two-year low of AUD 35.74 billion in May 2020. Sales of non-rural goods fell 4 percent to AUD 24.28 billion, in particular metal ores and minerals (-2 percent), other manufacture (-5 percent), machinery (-11 percent), and coal, coke and briquettes (-13 percent). Also, exports of non-monetary gold plunged 12 percent to AUD 1.68 billion. In addition, sales of rural goods fell 10 percent to AUD 3.61 billion, namely meat and meat preparations (-4 percent) and cereal grains and cereal preparations(-31 percent). By contrast, exports of services rose 2 percent to AUD 6.13 billion, due to travel (3 percent). Meanwhile, net exports of goods under merchanting were unchanged (at AUD 45 million).
Exports in Australia averaged 11948.15 AUD Million from 1971 until 2020, reaching an all time high of 43178 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 July of 2020. source: Australian Bureau of Statistics
Exports in Australia is expected to be 38000.00 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 36000.00 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.