Australia's trade surplus increased to a fresh record high of AUD 15.08 billion in August 2021 from an upwardly revised AUD 12.65 billion in the previous month and exceeding market consensus of a surplus of AUD 10.3 billion. Exports jumped 4 percent month-over-month to a new top of AUD 48.52 billion, amid strengthening foreign demand in the aftermath of the coronavirus disruptions and rising commodity prices; while imports fell 1 percent to AUD 33.45 billion. Considering the first eight months of the year, the trade surplus soared to AUD 84.01 billion from AUD 47.20 billion in the same period of 2020. source: Australian Bureau of Statistics
Balance of Trade in Australia averaged -102.02 AUD Million from 1971 until 2021, reaching an all time high of 15077 AUD Million in August of 2021 and a record low of -4156 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 October of 2021.
Balance of Trade in Australia is expected to be 8000.00 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 5500.00 AUD Million in 2022, according to our econometric models.