Imports of goods and services to Australia surged 7 percent month-on-month to a four-month high of AUD 29.89 billion in July 2020, as domestic demand continued to recover from the impact of the COVID-19 pandemic and despite a second wave of infections in Victoria state. Purchases of consumption goods rose by 7 percent to AUD 8.80 billion, due to textiles (5 percent), non-industrial transport equipment (90 percent) and household electrical items (13 percent). Also, imports of intermediate and other merchandise goods increased 2 percent to AUD 9.74 billion, driven by fuels and lubricants (12 percent), while those of capital goods advanced 18 percent to AUD 6.53 billion, of which ADP equipment (26 percent). In addition, arrivals of non-monetary gold surged 37 percent to AUD 1.11 million. By contrast, imports of services fell 3 percent to AUD 3.73 billion, led by tourism-related services (-3 percent).
Imports in Australia averaged 12354.21 AUD Million from 1971 until 2020, reaching an all time high of 36022 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 September of 2020. source: Australian Bureau of Statistic
Imports in Australia is expected to be 35300.00 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 35000.00 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.