Australia's export prices jumped by 13.2 percent on quarter in Q2 2021, after an 11.2 percent gain in Q4. This was the third straight quarter of rises and the steepest pace since Q4 2016, as a recovery from the COVID-19 hit accelerated. Main contributors to the rise were: metalliferous ores and metal scrap (18.5%), driven by the demand for iron ore from China and constrained global supply; coal, coke, and briquettes (15.6%), amid the demand for thermal coal for household power production in Asia; gas, natural and manufactured (14.6%), due to the oil-linked contracts capturing the continued rise in oil prices in early 2021; petroleum, petroleum products and related materials (12%), led by stronger oil demand and reduced global supply; and meat and meat preparations (10.1%), due to constrained global meat supply driving price rises across both beef and lamb. source: Australian Bureau of Statistics

Export Prices in Australia averaged 58.66 points from 1974 until 2021, reaching an all time high of 137.30 points in the second quarter of 2021 and a record low of 16.30 points in the third quarter of 1974. This page provides the latest reported value for - Australia Export Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Export Prices - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Export Prices in Australia is expected to be 140.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Export Prices is projected to trend around 108.00 points in 2022, according to our econometric models.

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Australia Export Prices


Calendar GMT Actual Previous Consensus TEForecast
2021-04-29 01:30 AM Q1 11.2% 5.5% 0.9%
2021-07-29 01:30 AM Q2 13.2% 11.2% 7.4%


News Stream
Australia Q2 Export Prices Rise the Most in 5 Years
Australia's export prices jumped by 13.2 percent on quarter in Q2 2021, after an 11.2 percent gain in Q4. This was the third straight quarter of rises and the steepest pace since Q4 2016, as a recovery from the COVID-19 hit accelerated. Main contributors to the rise were: metalliferous ores and metal scrap (18.5%), driven by the demand for iron ore from China and constrained global supply; coal, coke, and briquettes (15.6%), amid the demand for thermal coal for household power production in Asia; gas, natural and manufactured (14.6%), due to the oil-linked contracts capturing the continued rise in oil prices in early 2021; petroleum, petroleum products and related materials (12%), led by stronger oil demand and reduced global supply; and meat and meat preparations (10.1%), due to constrained global meat supply driving price rises across both beef and lamb.
2021-07-29
Australia Q1 Export Prices Rise the Most in Over 4 Years
Australia's export prices jumped by 11.2 percent on quarter in Q1 2021, after a 5.5 percent gain in Q4. This was the second straight quarter of rises and the steepest pace since Q4 2016, as a recovery from the COVID-19 hit accelerated. Main contributors were: metalliferous ores and metal scrap (18.2%), driven by the demand for iron ore from China and constrained global supply; gas, natural, and manufactured (20.2%), due to the oil-linked contracts capturing the recovery in oil prices; petroleum (37.3%), driven by stronger oil demand and reduced global supply; and coal, coke, and briquettes (5.8%), reflecting the demand for thermal coal during the northern hemisphere winter. Offsetting contributors were gold, non-monetary (-9.7%); fish, molluscs (-26.8%), driven from lower demand for lobsters from China; and cereals and cereal preparations (-3.2%), driven from a record Australian harvest placing downward pressure on prices. Through the year to Q1, export prices surged 8.6%.
2021-04-29
Australia Q4 Export Prices Unexpectedly Rise
Australia's export prices unexpectedly rose by 5.5 percent on quarter in Q42020, easily beating market consensus of a 1.3 percent fall and shifting from a 5.1 percent drop in Q3. This was the first rise in export prices in three quarters and the steepest pace since Q1 2017, as the economy recovered from the COVID-19 hit. Main contributors to the advances were: metalliferous ores and metal scrap (11.5%), driven by the demand for iron ore from China; non-ferrous metals (9.6%), due to increased global manufacturing demand; petroleum (5.6%), on the slow recovery in oil demand post-pandemic; gas, natural and manufactured (2.1%), due to the oil-linked contracts capturing the beginning of the recovery in oil prices; and coal, coke and briquettes (0.9%), amid demand for thermal coal during the northern hemisphere winter. Offsetting contributors were: gold, non-monetary (-4.0%); and meat and meat preparations (-2.4%. Through the year to Q4, export prices rose 0.3 percent.
2021-01-28

Australia Last Unit Reference Previous Highest Lowest
Inflation Rate 3.80 percent Jun/21 1.10 23.90 -1.30
Inflation Rate Mom 0.80 percent Jun/21 0.60 7.55 -1.90
Consumer Price Index CPI 118.80 points Jun/21 117.90 118.80 4.20
Core Inflation Rate 1.60 percent Jun/21 1.10 10.70 1.10
Core Consumer Prices 118.95 points Jun/21 118.36 118.95 75.45
GDP Deflator 107.70 points Jun/21 105.10 107.70 6.01
Producer Prices 113.60 points Jun/21 112.80 113.60 70.70
Producer Prices Change 2.20 percent Jun/21 0.20 6.30 -1.50
Export Prices 137.30 points Jun/21 121.30 137.30 16.30
Import Prices 108.10 points Jun/21 106.10 116.30 51.50
Food Inflation 0.70 percent Jun/21 0.70 20.60 -3.20
CPI Transportation 109.90 points Jun/21 106.90 109.90 11.30
CPI Housing Utilities 121.30 points Jun/21 120.90 122.30 10.30


Australia Export Prices
In Australia, Export Prices correspond to the rate of change in the prices of goods and services sold by residents of that country to foreign buyers. Export Prices are heavily affected by exchange rates.