Imports of goods and services to Australia dropped 3 percent from a month earlier to AUD 35.09 billion in November 2019. Purchases of consumption goods tumbled 7 percent to AUD 8.64 billion, largely due to non-industrial transport equipment (-23 percent), textiles, clothing and footwear (-2 percent), and food and beverages (-3 percent). Also, imports of capital goods slumped 4 percent to AUD 6.33 billion, mainly driven by industrial transport equipment (-13 percent), ADP equipment (-7 percent), and telecommunications equipment (-2 percent); while arrivals of intermediate and other merchandise goods fell 1 percent to AUD 11.10 billion, mostly due to fuels and lubricants (-2 percent), other parts for capital goods (-3 percent), and processed industrial supplies (-1 percent). In addition, purchases of services were down 1 percent to AUD 8.54 billion, largely led by travel (-1 percent), and transport (-2 percent).
Imports in Australia averaged 12094.69 AUD Million from 1971 until 2019, reaching an all time high of 36214 AUD Million in November of 2018 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. source: Australian Bureau of Statistic
Imports in Australia is expected to be 33500.00 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 2020, according to our econometric models.