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. Balance of Trade in Australia averaged -510.94 AUD Million from 1971 until 2018, reaching an all time high of 4514 AUD Million in December of 2016 and a record low of -4251 AUD Million in April of 2015.

Balance of Trade in Australia is expected to be 3100.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Australia to stand at 900.00 in 12 months time. In the long-term, the Australia Balance of Trade is projected to trend around -500.00 AUD Million in 2020, according to our econometric models.

Australia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-04 01:30 AM Balance of Trade A$1.604B A$1.548B A$1.4B A$1.3B
2018-11-01 12:30 AM Balance of Trade A$3.017B A$2.342B A$1.7B A$ 0.6B
2018-12-06 12:30 AM Balance of Trade A$2.316B A$2.94B A$3.2B
2019-01-08 12:30 AM Balance of Trade A$1.925B A$2.013B A$2.230B A$ 2.2B
2019-02-05 12:30 AM Balance of Trade A$1.925B
2019-03-07 12:30 AM Balance of Trade
2019-04-03 12:30 AM Balance of Trade



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.

Exports increased by 1 percent from a month earlier to an all-time high of AUD 38.45 billion in November 2018, as sales of non-monetary gold rose by AUD 681 (60 percent vs -24 percent in the previous month). In addition, sales of services went up by 1 percent (or by AUD 57 million) for the second month. In contrast, exports of rural goods fell AUD 34 million (or 1 percent vs -7 percent in October), whereas exports of non-rural goods declined AUD 173 million (or 1 percent vs +4 percent in October), with overseas sales of coal, coke and briquettes falling significantly by AUD 543 million (or -8.8 percent vs 12.1 percent).

Imports jumped 2 percent from a month earlier to a record AUD 36.52 billion in November 2018 (vs +3 percent in October), mainly nudged by a AUD 433 million rise in capital goods (+7 percent vs +6 percent in October), including civilian aircraft by AUD 368 million (or 78.5 percent vs 28.1 percent) and non-industrial transport equipment by AUD 140 million (or 7.1 percent after showing no growth in October). Meantime, purchases on non-monetary gold rose AUD 30 million (+9 percent vs -7 percent in October). Consumption goods rose by AUD 202 million (or 2 percent) after edging up 1 percent in the previous month. In contrast, purchases of intermediate goods and other merchandise goods decreased by AUD 22 million (or -0.2 percent vs 5.4 percent), namely fuels & lubricants by AUD 145 million (or 3.7 percent vs 11.3 percent).

Considering the first eleven months of the year, the trade surplus widened to AUD 18.49 billion from AUD 11.68 billion in the same period of 2017.


Mario | mario@tradingeconomics.com
1/8/2019 10:58:40 AM


News

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.
Published on 2018-12-06

Australia Posts Largest Trade Surplus in 19 Months
Australia's trade surplus widened to AUD 3.02 billion in September 2018 from an upwardly revised AUD 2.34 billion in the previous month, far above market consensus of a AUD 1.70 billion surplus. It was the largest trade surplus since February 2017, as exports rose 1 percent to an all-time high of AUD 37.50 billion while imports declined 1 percent to AUD 34.48 billion.
Published on 2018-11-01

Australia Trade Surplus Larger than Expected
Australia's trade surplus widened to AUD 1.60 billion in August 2018 from a marginally revised AUD 1.55 billion in the previous month, above market consensus of a AUD 1.40 billion surplus. Exports rose 1 percent to a near record while imports were virtually unchanged at an all-time high.
Published on 2018-10-04

Australia Trade Surplus Narrows 20% in July
Australia's trade surplus narrowed by 20 percent month-over-month to AUD 1.55 billion in July of 2018 from an upwardly revised AUD 1.94 billion in the prior month and above market expectations of a AUD 1.4 billion surplus, as exports fell while imports showed no change.
Published on 2018-09-06



Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 1925.00 2013.00 4514.00 -4251.00 AUD Million [+]
Current Account -10688.00 -12056.00 277.00 -22433.00 AUD Million [+]
Current Account to GDP -3.10 -1.40 2.30 -7.30 percent [+]
Imports 36520.00 35900.00 36520.00 393.00 AUD Million [+]
Exports 38445.00 37913.00 38445.00 435.00 AUD Million [+]
External Debt 2031327.00 2045588.00 2045588.00 147312.00 AUD Million [+]
Terms of Trade 89.30 87.70 106.40 47.50 Index Points [+]
Foreign Direct Investment 60499.00 64825.00 64825.00 -37050.00 AUD Million [+]
Capital Flows 11116.00 13808.00 25377.00 -375.00 AUD Million [+]
Tourist Arrivals 754000.00 690200.00 1015000.00 30100.00 [+]
Gold Reserves 68.70 68.70 79.85 68.70 Tonnes [+]
Crude Oil Production 281.00 285.00 781.00 243.00 BBL/D/1K [+]
Terrorism Index 3.09 2.74 3.11 0.01 [+]
Weapons Sales 97.00 134.00 158.00 2.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Australia Balance of Trade

In spite of Australia being a major exporter of commodities, the country has been reporting trade deficits with an exception of 2010, 2011 and 2017 as the majority of manufactured goods have to be imported. The biggest trade surpluses are recorded with China, Hong Kong and Japan and New Zealand and the biggest trade deficits with the United States, Singapore, South Korea, Malaysia and Thailand. . 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 - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1925.00 2013.00 4514.00 -4251.00 1971 - 2018 AUD Million Monthly
SA




Country Last Previous
Argentina 979.00 Nov/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3784.00 Oct/18
Japan -737.30 Nov/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 19697.00 Oct/18
Saudi Arabia 184673.00 Sep/18
Singapore 3799.41 Nov/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -3836500.00 Oct/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18


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