Imports of goods and services to Australia rose by 2.0% mom to AUD 44.03 billion in March 2023, amid strength in domestic consumption as the economy fully reemerged from pandemic restrictions. Purchases of consumption goods soared 14.1% to AUD 11.48 billion, boosted by non-industrial transport equipment (23.9%), consumption goods n.e.s. (15.7%), and textiles, clothing (7.9%). Meantime, imports of intermediate and other merchandise goods edged up 0.1% to AUD 15.34 billion, mainly supported by other parts for capital goods. On the flip side, purchases of capital goods dropped 2.5%, weighed down by civil aircraft and confidentialised items. Also, imports of services contracted by 1.3%, due to transport (-3.6%). Purchases of non-monetary gold fell 5.5% to AUD 742 million. source: Australian Bureau of Statistic
Imports in Australia averaged 13675.81 AUD Million from 1971 until 2023, reaching an all time high of 47856.00 AUD Million in January of 2023 and a record low of 393.00 AUD Million in May of 1972. This page provides the latest reported value for - Australia Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Imports - data, historical chart, forecasts and calendar of releases - was last updated on May of 2023.
Imports in Australia is expected to be 44100.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Imports is projected to trend around 50200.00 AUD Million in 2024 and 54400.00 AUD Million in 2025, according to our econometric models.