Australia's trade surplus declined to AUD 11.69 billion in January 2023 from a downwardly revised AUD 12.99 billion in December 2022 and below market forecasts of an AUD 12.5 billion gain. It was the smallest trade surplus since August, as exports rose less than imports. Shipments grew 1.4% from the previous month to a three-month high of AUD 58.85 billion amid sustained global demand as China removed its tough COVID restrictions. Meanwhile, imports advanced at a faster 4.6% to a four-month peak of AUD 47.16 billion after domestic demand strengthened due to a full reopening of the economy. source: Australian Bureau of Statistics
Balance of Trade in Australia averaged 205.57 AUD Million from 1971 until 2023, reaching an all time high of 16811.00 AUD Million in June of 2022 and a record low of -4297.00 AUD Million in December of 2015. This page provides the latest reported value for - Australia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
Balance of Trade in Australia is expected to be 13500.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Balance of Trade is projected to trend around 13200.00 AUD Million in 2024 and 13100.00 AUD Million in 2025, according to our econometric models.