Imports of goods and services to Australia tumbled 6 percent month-on-month to a three-month low of AUD 28.11 billion in September 2020, as domestic demand deteriorated amid a fresh wave of infections in some states. Purchases of consumption goods dropped by 4 percent to AUD 8.89 billion, due to textiles (-11 percent), food and beverages, mainly for consumption (-3 percent), toys, books and leisure goods (-4 percent) and consumption goods n.e.s. (-2 percent). Additionally, imports of intermediate and other merchandise goods fell 7 percent to AUD 8.95 billion, driven by fuels and lubricants (-11 percent) and processed industrial supplies n.e.s (-3 percent) while those of capital goods declined 3 percent to AUD 5.89 billion, of which telecommunications equipment (-29 percent). Also, arrivals of non-monetary gold plunged 42 percent to AUD 0.71 million. In addition, imports of services were down 2 percent to AUD 3.68 billion, led by transport (-6 percent). source: Australian Bureau of Statistic
Imports in Australia averaged 12410.07 AUD Million from 1971 until 2020, reaching an all time high of 36172 AUD Million in October of 2019 and a record low of 393 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 November of 2020.
Imports in Australia is expected to be 34100.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Australia to stand at 35500.00 in 12 months time. In the long-term, the Australia Imports is projected to trend around 36000.00 AUD Million in 2021 and 36500.00 AUD Million in 2022, according to our econometric models.