Imports of goods and services to Australia declined by 0.7% mom to AUD 39.88 billion in April of 2022, amid geopolitical risks and supply chain issues following COVID-19 outbreaks in China. Arrivals of intermediate and other merchandise goods dropped 0.8% to AUD 15.39 billion, led by processed industrial supplies n.e.s. (-12%), and parts for transport equipment (-6.2%); and those of consumption goods shrank 1.1% to AUD 10.45 billion, largely linked to non-industrial transport equipment (-20.5%). Also, purchases of capital goods fell by 1.2% to AUD 7.61 billion, mainly due to machinery and industrial equipment (-4.8%). In addition, imports of services edged down 0.1% to AUD 5.76 billion, mostly driven by transport (-1.3%). source: Australian Bureau of Statistic
Imports in Australia averaged 13022.61 AUD Million from 1971 until 2022, reaching an all time high of 42088 AUD Million in February of 2022 and a record low of 0 AUD Million in April of 2022. This page provides the latest reported value for - Australia Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Imports - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Imports in Australia is expected to be 36000.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Imports is projected to trend around 36500.00 AUD Million in 2023, according to our econometric models.