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.

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Australia Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2023-02-07 12:30 AM Dec A$12.237B A$13.475B A$12.5B A$11.5B
2023-03-07 12:30 AM Jan A$11.688B A$12.985B A$12.5B A$12.5B
2023-04-06 01:30 AM Feb A$11.688B $12.2B


Related Last Previous Unit Reference
Balance of Trade 11688.00 12985.00 AUD Million Jan 2023
Current Account 14114.00 750.00 AUD Million Dec 2022
Imports 47160.00 45078.00 AUD Million Jan 2023
Exports 58847.00 58063.00 AUD Million Jan 2023
External Debt 2211185.00 2214883.00 AUD Million Dec 2022
Terms of Trade 131.40 135.00 points Dec 2022
Capital Flows -10067.00 12990.00 AUD Million Dec 2022
Foreign Direct Investment 33394.00 29274.00 AUD Million Dec 2021
Tourist Arrivals 412410.00 648970.00 Jan 2023

Australia Balance of Trade
Australia has been recording consistent trade surpluses since 2017 due to rise in a resource exports like natural gas, metal ores and minerals, coal, coke and briquettes, and rural goods such as meat and cereals. The biggest trade surpluses are recorded with China, Hong Kong and Japan, and New Zealand while the biggest trade deficits are with the United States, Singapore, South Korea, Malaysia, and Thailand.
Actual Previous Highest Lowest Dates Unit Frequency
11688.00 12985.00 16811.00 -4297.00 1971 - 2023 AUD Million Monthly
SA

News Stream
Australia Posts Smallest Trade Surplus in 5 Months
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.
2023-03-07
Australia Posts Smallest Trade Surplus in 4 Months
Australia's trade surplus declined to AUD 12.23 billion in December 2022 from a five-month high of AUD 13.47 billion in November and below market forecasts of an AUD 12.5 billion gain. It was the smallest trade surplus since August, as exports fell amid surging global cost pressures and imports grew amid easing supply chain issues after China removed its tough COVID restrictions. Exports dropped 1.4% from the previous month to a four-month low of AUD 57.84 billion, while imports rose 1.0% to AUD 45.60 billion. For the 2022 full year, the trade surplus widened to AUD 139.50 billion from AUD 118.72 billion in 2021. Australia has posted monthly trade windfalls for 4-1/2 years, buoyed by robust sales of iron ore and natural gas.
2023-02-07
Australia Trade Surplus Largest in 5 Months
Australia's trade surplus increased to AUD 13.20 billion in November 2022 from October's AUD 12.74 billion, beating market forecasts of an AUD 10.5 billion surplus. It was the largest trade surplus since June, as exports dropped less than imports amid high inflation and aggressive monetary tightening by major central banks. Exports declined 0.4% from a month earlier to a three-month low of AUD 59.35 billion, while imports fell at a faster 1.5% to a five-month low of AUD 46.15 billion. Over the first eleven months of the year, the trade surplus widened to AUD 127.36 billion from AUD 111.41 billion in the same period of 2021. Australia has posted monthly trade windfalls for 4-1/2 years, buoyed by robust sales of iron ore and natural gas.
2023-01-12