Australia's trade surplus narrowed to AUD 7.53 billion in February 2021, from the previous month's all-time high of AUD 9.62 billion and shy of market forecasts of AUD 9.7 billion. Exports were down 1 percent, while imports jumped 5 percent to a one-year high. Considering the first two months of the year, the trade surplus soared to AUD 17.15 billion from AUD 7.92 billion in the same period of 2020. source: Australian Bureau of Statistics
Balance of Trade in Australia averaged -208.54 AUD Million from 1971 until 2021, reaching an all time high of 9616 AUD Million in January of 2021 and a record low of -4185 AUD Million in April 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 April of 2021.
Balance of Trade in Australia is expected to be 4700.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Australia to stand at 5000.00 in 12 months time. In the long-term, the Australia Balance of Trade is projected to trend around 5500.00 AUD Million in 2022, according to our econometric models.