Australia's export prices fell by 0.9% on quarter in the three months to December 2022, following a 3.6% drop in the three months to September. This was the second straight decrease due to a global economic slowdown, lower commodity prices, and weak demand from China under Covid-19 restrictions. Main contributors to the decline were: coal, coke, and briquettes (-7.8%) because of price fall for both thermal and metallurgical coal; metalliferous ores and metal scrap (-0.9%) because of weak Chinese iron ore demand; petroleum and petroleum products (-7.5%) because of world's low oil demand; and meat and meat preparations (-3.0%). The decrease was partially offset by cereals and cereal preparations (+8.1%); crude fertilizers and crude minerals (+11.6%); and gold, non-monetary (+4.3%), on hopes inflation has peaked. Through the year to Q4, export prices advanced by 20.5%, easing from a 25.9% gain in Q3. source: Australian Bureau of Statistics

Export Prices MoM in Australia averaged 1.37 percent from 1974 until 2022, reaching an all time high of 16.10 percent in the second quarter of 2010 and a record low of -20.60 percent in the second quarter of 2009. This page includes a chart with historical data for Australia Export Prices QoQ. Australia Export Prices QoQ - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Export Prices MoM in Australia is expected to be -1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Export Prices QoQ is projected to trend around 1.70 percent in 2024 and 1.50 percent in 2025, according to our econometric models.

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Australia Export Prices QoQ



Calendar GMT Actual Previous Consensus TEForecast
2022-10-27 12:30 AM Q3 -3.6% 10.1% 2.3%
2023-01-27 12:30 AM Q4 -0.9% -3.6%
2023-04-27 01:30 AM Q1 -0.9% -1.2%

Australia Export Prices QoQ
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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.90 -3.60 16.10 -20.60 1974 - 2022 percent Quarterly
NSA

News Stream
Australia Export Prices Fall for 2nd Quarter
Australia's export prices fell by 0.9% on quarter in the three months to December 2022, following a 3.6% drop in the three months to September. This was the second straight decrease due to a global economic slowdown, lower commodity prices, and weak demand from China under Covid-19 restrictions. Main contributors to the decline were: coal, coke, and briquettes (-7.8%) because of price fall for both thermal and metallurgical coal; metalliferous ores and metal scrap (-0.9%) because of weak Chinese iron ore demand; petroleum and petroleum products (-7.5%) because of world's low oil demand; and meat and meat preparations (-3.0%). The decrease was partially offset by cereals and cereal preparations (+8.1%); crude fertilizers and crude minerals (+11.6%); and gold, non-monetary (+4.3%), on hopes inflation has peaked. Through the year to Q4, export prices advanced by 20.5%, easing from a 25.9% gain in Q3.
2023-01-27
Australia Q3 Export Prices Fall for 1st Time in 2 Years
Australia's export prices dropped by 3.6% on quarter in Q3 2022, reversing sharply from a 10.1% rise in Q2. This was the first decline in export prices since Q3 of 2020, amid weakening demand and falling commodity prices. Main contributors to the fall were: metalliferous ores and metal scrap (-16.9%), boosted by a fall in demand for iron ore from China; coal, coke and briquettes (-6.2%), due to a decrease in the price of metallurgical coal; and non-ferrous metals (-12.7%), driven by a fall in manufacturing demand as renewed COVID-19 lockdowns in China slow economic activity. The main offsetting contributors were: gas, natural and manufactured (+34.9%), due to the price rise in oil-linked contracts and surging global demand, particularly in Europe; and crude fertilisers and crude minerals (+43.6%). Through the year to Q3, export prices climbed 25.9%, easing from a 38.7% growth in Q2.
2022-10-27
Australia Export Price Inflation Eases in Q2
Australia's export prices increased by 10.1% on quarter in Q2 2022, slowing sharply from a downwardly revised 14.6% gain in Q1. This was the seventh straight quarter of rises, amid a lift in COVID-19 measures and soaring commodity prices. Main contributors to the rise were: coal, coke, and briquettes (32.0%), driven by disruptions in supply linked to both the Russia-Ukraine conflict and adverse weather conditions. Other contributors to the rise were: gas, natural and manufactured (+4.5%), due to the rise in oil-linked contracts capturing the continuing rise in oil prices in early 2022; and Metalliferous ores and metal scrap (+2.3%), boosted by demand for iron ore and alumina. Through the year to Q2, export prices rose 38.7%, following a 46.7% gain in Q1.
2022-07-28