News

Australia Trade Surplus Widens in May
Australia's trade surplus increased to AUD 8.03 billion in May 2020 from a downwardly revised AUD 7.83 billion in the previous month but below market consensus of a AUD 9 billion surplus. Exports fell 4 percent over a month earlier to a two-year low of AUD 35.74 billion, while imports dropped 6 percent to a seven-year low of AUD 27.72 billion. Considering the first five months of the year, the trade surplus widened to AUD 34.84 billion from AUD 25.35 billion in the same period of 2019.
Published on 2020-07-02

Australia April Trade Surplus Beats Estimates
Australia's trade surplus fell to AUD 8.8 billion in April 2020 from a marginally revised AUD 10.45 billion in the previous month but above market consensus of a surplus of AUD 7.5 billion. Exports tumbled 11 percent over a month earlier to AUD 37.51 billion, while imports slumped 10 percent to a four-year low of AUD 28.71 billion. Considering the first four months of the year, the trade surplus widened to AUD 28.48 billion from AUD 19.54 billion in the same period of 2019.
Published on 2020-06-04

Australia Posts Largest Trade Surplus on Record
Australia's trade surplus surged to AUD 10.60 billion in March 2020 from a downwardly revised AUD 3.87 billion in the previous month and easily market consensus of a surplus of AUD 6.8 billion. This was the largest trade surplus on record, ahead the country's coronavirus lockdown in late-March. Exports jumped 15 percent over a month earlier to an eight month high of AUD 42.42 billion, while imports slumped 4 percent to an over two-year low of AUD 31.82 billion. Considering the first three months of the year, the trade surplus widened to AUD 19.51 billion from AUD 14.47 billion in the same period of 2019.
Published on 2020-05-07

Australia Trade Surplus Smallest in 4 Months
Australia's trade surplus decreased to AUD 4.36 billion in February 2020 from a downwardly revised AUD 4.75 billion in the previous month and compared with market consensus of AUD 3.65 billion. This was the smallest trade surplus since October of last year, reflecting the impact of the COVID-19 pandemic. Exports tumbled 5 percent month-over-month to a 17-month low of AUD 37.76 billion, and imports slumped 4 percent to a 25-month low of AUD 33.4 billion. Considering the first two months of the year, the trade surplus narrowed to AUD 9.11 billion from AUD 9.84 billion in the same period of 2019.
Published on 2020-04-07

Australia Trade Surplus Larger than Forecast
Australia's trade surplus narrowed to AUD 5.21 billion in January 2020 from an upwardly revised AUD 5.38 billion in the previous month and compared to market consensus of AUD 4.8 billion. Exports tumbled 3 percent to a nine-month low due to lower sales of non-rural goods and non-monetary gold, while imports plunged 3 percent to the lowest for seven months as purchases fell mostly for capital goods and intermediate and other merchandise goods.
Published on 2020-03-05

Australia Trade Surplus Below Estimates in December
Australia's trade surplus decreased to AUD 5.22 billion in December 2019 from a downwardly revised AUD 5.51 billion in the previous month and missing market consensus of AUD 5.95 billion. Exports rose 1 percent month-over-month to AUD 41.29 billion, driven by sales of non-rural goods (1 percent); non-monetary gold (14 percent); rural goods (2 percent) and net exports of goods under merchanting (20 percent). Imports grew at a faster 2 percent to AUD 36.07 billion, boosted by higher purchases of capital goods (6 percent); consumption (4 percent) and intermediate & other merchandise goods (1 percent). The Australian Bureau of Statistics confirmed that the bushfires did not result in any impacts to International Trade in Goods and Services statistics for December. Considering 2019 as a whole, the country's trade surplus widened to AUD 67.74 billion from AUD 23.03 billion in 2018.
Published on 2020-02-06

Australia November Trade Surplus Beats Estimates
Australia's trade surplus widened to AUD 5.80 billion in November 2019 from a downwardly revised AUD 4.08 billion in the previous month and above market consensus of AUD 4.15 billion. Exports rose 2 percent while imports dropped 3 percent. Considering the first eleven months of the year, trade surplus surged to AUD 63.26 billion from AUD 19.21 billion in the corresponding period of the prior year.
Published on 2020-01-09

Australia Posts Smallest Trade Surplus in 10 Months
Australia's trade surplus decreased to AUD 4.50 billion in October 2019 from a downwardly revised AUD 6.85 billion in the previous month and below market consensus of a surplus of AUD 6.1 billion. This was the smallest trade surplus since December last year, as exports slumped 5 percent month-on-month to AUD 40.75 billion, while imports rose 0.4 percent hitting a record high of AUD 36.25 billion. Considering the first ten months of the year, trade surplus surged to AUD 58.64 billion from AUD 16.51 billion in the corresponding period of the prior year.
Published on 2019-12-05

Australia September Trade Surplus Beats Expectations
Australia's trade surplus increased to AUD 7.18 billion in September 2019 from a revised AUD 6.62 billion in the previous month and compared to market consensus of AUD 5.0 billion. Exports hit an-all time high and imports were the second-highest on record. Considering the first nine months of 2019, the trade surplus soared to AUD 54.36 billion from AUD 14.08 billion in the corresponding period the prior year.
Published on 2019-11-07

Australia Posts Smallest Trade Surplus in 4 Months
Australia's trade surplus narrowed to AUD 5.93 billion in August 2019 from a marginally revised AUD 7.25 billion in the previous month and compared to market estimates of AUD 6 billion surplus. This was the smallest trade surplus since April, as exports declined by 3 percent month-over-month to AUD 40.98 billion, while imports fell 0.4 percent to AUD 35.06 billion. Considering the first eight months of 2019, the trade surplus soared to AUD 46.8 billion from AUD 11.7 billion in the corresponding period the prior year.
Published on 2019-10-03

Australia Trade Surplus Below Forecasts in July
Australia's trade surplus narrowed to AUD 7.27 billion in July 2019 from a downwardly revised AUD 7.98 billion in the previous month and below market estimates of a AUD 7.4 billion surplus. Imports increased 3 percent from a month earlier to AUD 35.27 billion, while exports grew at a softer 1 percent to AUD 42.54 billion. Considering the first seven months of 2019, the trade surplus soared to AUD 41.47 billion from AUD 9.18 billion in the corresponding period the prior year.
Published on 2019-09-05

Australia Posts Largest Trade Surplus on Record
Australia's trade surplus widened to AUD 8.04 billion in June 2019 from an upwardly revised AUD 6.17 billion in the previous month, easily beating market expectations of AUD 6 billion. It was the largest trade surplus on record, as exports rose by 1 percent to an all-time high of AUD 42.38 billion, while imports fell 4 percent to AUD 35.63 billion. Considering the first half of the year, the trade surplus increased sharply to AUD 34.17 billion from AUD 7.56 billion in the corresponding period of 2018.
Published on 2019-08-06

Australia Posts Largest Trade Surplus on Record
Australia's trade surplus widened sharply to AUD 5.75 billion in May 2019 from a marginally revised of AUD 4.82 billion in the previous month and beating market expectations of a surplus of AUD 5.25 billion. It was the largest trade surplus on record, as exports rose by 4 percent to an all-time high of AUD 41.59 billion, while imports advanced at a softer 2 percent to AUD 35.84 billion. Considering the January to May period, the trade surplus soared to AUD 25.70 billion from AUD 5.32 billion in the corresponding period the prior year.
Published on 2019-07-03

Australia Trade Surplus Smallest in 3 Months
Australia's trade surplus slightly narrowed to AUD 4.87 billion in April 2019 from a downwardly revised of AUD 4.89 billion in the previous month, and below market consensus of AUD 5.1 billion surplus. This was the smallest trade surplus since January, as exports rose 2 percent month-over-month to AUD 40.43 billion while imports increased at a faster 3 percent to AUD 35.55 billion. Considering the first four months of the year, the trade surplus surged to AUD 19.27 billion from AUD 4.67 billion in the corresponding period of the prior year.
Published on 2019-06-06

Australia Trade Surplus Narrows in March
Australia's trade surplus narrowed to AUD 4.94 billion in March 2019 from an upwardly revised of AUD 5.14 billion in the previous month, but easily beating market consensus of AUD 4.25 billion surplus. Export fell 2 percent month-over-month to AUD 39.34 billion while imports dropped at a softer 1 percent to AUD 34.39 billion. Considering the first three month of the year, the trade surplus surged to AUD 14.74 billion from AUD 3.83 billion in the corresponding period of the prior year.
Published on 2019-05-07

Australia Posts Largest Trade Surplus on Record
Australia's trade surplus surged to AUD 4.80 billion in February 2019 from a downwardly revised of AUD 4.35 billion in the previous month, easily beating market consensus of AUD 3.8 billion surplus. It is the largest trade surplus on record, as exports hit a fresh all-time high and imports fell. Considering the first two month of the year, the trade surplus soared to AUD 9.15 billion from AUD 2.72 billion in the corresponding period of the prior year.
Published on 2019-04-03

Australia Trade Surplus Second Largest on Record
Australia's trade surplus surged to AUD 4.55 billion in January 2019 from an upwardly revised of AUD 3.77 billion in the previous month, easily beating market consensus of a surplus of AUD3 billion. It was the second largest trade surplus on record, as exports jumped 5 percent month-over-month to a new all-time high of AUD 39.94 billion while imports grew at a softer 3 percent to AUD 35.39 billion.
Published on 2019-03-07

Australia Trade Surplus Largest in 2 Years
Australia's trade surplus widened sharply to AUD 3.68 billion in December 2018 from an upwardly revised of AUD 2.26 billion, easily beating market consensus of a surplus of AUD 2.3 billion. It was the largest trade surplus since December 2016, as exports fell by 2 percent to AUD 37.92 billion, while imports declined at a faster 6 percent to AUD 34.24 billion. Considering 2018 the whole year, the trade surplus surged to AUD 22.15 billion from AUD 9.87 billion in the same period of 2017.
Published on 2019-02-05

Australia Trade Balance Narrows in November
Australia's trade surplus narrowed to AUD 1.93 billion in November 2018, below the downwardly revised AUD 2.01 billion in the previous month (vs 2.32 billion preliminary) and market expectations of a AUD 2.23 billion surplus. Both exports and imports hit all-time highs.
Published on 2019-01-08

Australia Trade Surplus Narrows in October
Australia's trade surplus narrowed to AUD 2.32 billion in October 2018 from a marginally revised AUD 2.94 billion in the previous month, and well below market consensus of a AUD 3.2 billion surplus. Both exports and imports hit all-time highs. Considering the first ten months of the year, the trade surplus widened sharply to AUD 17.62 billion from AUD 11.80 billion in the same period of 2017.
Published on 2018-12-06