Imports of goods and services to Australia shrank 2 percent from the prior month to AUS 30.48 billion, as domestic demand weakened following a resurgence in COVID-19 cases in some states in the country.Purchases of capital goods plunged 16 percent to USD 6.64 billion, on the back of purchases of machinery and industrial equipment and industrial transport equipment n.e.s. Meanwhile, purchases of consumption goods rose by 2 percent to AUD 9.86 billion, due to non-industrial transport equipment and consumption goods n.e.s. Also, imports of intermediate and other merchandise goods increased 2 percent to AUD 9.50 billion, driven by processed industrial supplies n.e.s . At the same time, imports of services were up 1 percent to AUD 3.90 billion. source: Australian Bureau of Statistic
Imports in Australia averaged 12498.40 AUD Million from 1971 until 2020, reaching an all time high of 36103 AUD Million in September 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 February of 2021.
Imports in Australia is expected to be 34500.00 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 36000.00 in 12 months time. In the long-term, the Australia Imports is projected to trend around 36500.00 AUD Million in 2022, according to our econometric models.