Australia Balance of Trade  1971-2017 | Data | Chart | Calendar | Forecast

Australia's trade surplus narrowed 58 percent to AUD 0.86 billion in June of 2017 from a downwardly revised AUD 2.02 billion in May. The figure came in below market expectations of AUD 1.8 billion, as exports fell 1 percent from a month earlier to AUD 31.78 billion while imports rose 2 percent to a record high of AUD 30.92 billion. Considering January to June 2017, the trade surplus was registered at AUD 10.29 billion. Balance of Trade in Australia averaged -537.67 AUD Million from 1971 until 2017, reaching an all time high of 4546 AUD Million in December of 2016 and a record low of -4152 AUD Million in December of 2015.

Australia Balance of Trade
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Australia Trade Surplus Narrows More Than Estimated


Australia's trade surplus narrowed 58 percent to AUD 0.86 billion in June of 2017 from a downwardly revised AUD 2.02 billion in May. The figure came in below market expectations of AUD 1.8 billion, as exports fell 1 percent from a month earlier to AUD 31.78 billion while imports rose 2 percent to a record high of AUD 30.92 billion.

Compared to the prior month, sales of goods and services declined by 1 percent to AUD 31.78 billion.

Exports of non-rural goods (bulk commodities and non-bulk commodities) fell 4 percent to AUD 19.57 billion, mainly due to a 7.0 percent drop in metal ores and minerals and a 0.6 percent decrease in coal, coke and briquettes. Partly offsetting these falls was a 14.0 percent rise in transport equipment.

Net exports of goods under merchanting decreased by 4 percent to AUD 26 million.

Non-monetary gold (gold which is not owned by monetary authorities and can be in the form of bullion, including coins, ingots or bar with a purity at least 995 parts per thousand) rose 27 percent to AUD 1.92 billion.

Exports of rural goods rose 1 percent to AUD 4.13 billion, driven by a 4.0 percent rise in meat and meat preparations. Partly offsetting this rise was a 8.0 percent decline in wool and sheepskins. 

Exports of services went down 2 percent  to AUD 6.14 billion mainly due to a 3.0 percent decline in travel.

Imports of goods and services rose 2 percent to AUD 30.92 billion, the largest on record.

Purchases of capital goods increased by 13 percent to AUD 6.30 billion. The main components contributing to the rise were telecommunications equipment (78 percent), civil aircraft and confidentialised items (up AUD 402 million) and industrial transport equipment n.e.s., (24 percent). 

Imports of non-monetary gold jumped 76 percent to AUD 551 million.

Purchases of consumption goods went up 2 percent to AUD 8.56 billion, mainly driven by consumption goods n.e.s (7 percent) and food and beverages, mainly for consumption (16 percent). In contrast, purchases of non-industrial transport equipment declined by 7 percent.

Imports of intermediate and other merchandise goods fell 4 percent to AUD 9.20 billion. The main component contributing to the fall in seasonally adjusted estimates was fuels and lubricants (-18 percent). Partly offsetting this fall was processed industrial supplies n.e.s., (2 percent).

Imports of services declined  AUD 30 million to AUD 6.39 billion. The main component contributing to the decline was maintenance and repair services n.i.e.(-36 percent) and travel (-1 percent). Partly offsetting these falls was other services, up AUD 9 million.

Considering January to June 2017, the trade surplus was registered at AUD 10.29 billion.

ABS l Rida Husna | rida@tradingeconomics.com
8/3/2017 10:23:13 AM



Calendar GMT Actual Previous Consensus Forecast (i)
2017-06-08 01:30 AM Apr A$0.555B A$3.169B A$1.9B A$2B
2017-07-06 01:30 AM May A$2.471B A$0.09B A$1.1B A$0.5B
2017-08-03 01:30 AM Jun A$0.86B A$2.02B A$1.8B A$1.6B
2017-09-07 01:30 AM Jul A$0.86B
2017-10-05 12:30 AM Aug
2017-11-03 12:30 AM Sep A$0.6B


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 856.00 2024.00 4546.00 -4152.00 AUD Million [+]
Exports 31779.00 32218.00 33889.00 435.00 AUD Million [+]
Imports 30923.00 30193.00 30923.00 396.00 AUD Million [+]
Current Account -3108.00 -3511.00 295.00 -22996.00 AUD Million [+]
Current Account to GDP -2.70 -4.70 1.40 -6.70 percent [+]
External Debt 1886770.00 1926696.00 1941405.00 147312.00 AUD Million [+]
Terms of Trade 109.70 102.90 136.60 49.30 Index Points [+]
Foreign Direct Investment 64825.00 29636.00 64825.00 -37050.00 AUD Million [+]
Capital Flows 3693.00 5646.00 25769.00 -375.00 AUD Million [+]
Tourist Arrivals 605100.00 579100.00 971800.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 271.00 256.00 781.00 247.00 BBL/D/1K [+]
Terrorism Index 2.74 3.11 3.11 0.01 [+]
Weapons Sales 127.00 83.00 158.00 2.00 USD Million [+]

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



Australia Balance of Trade Notes

In 2010 and 2011, Australia reported consistent trade surpluses due to high prices of commodities. However, from 2012 trade balance shifted back to deficit (with exception of first three months of 2014) mostly due to a sharp drop in value of commodity exports and increase in value of imports due to AUD depreciation. In 2015, the biggest trade surpluses were recorded with China, Hong Kong and Japan and New Zealand. The biggest trade deficits were recorded 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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
856.00 2024.00 4546.00 -4152.00 1971 - 2017 AUD Million Monthly
SA



balance of trade by Country

Last
Australia 856.00 Jun/17
Brazil 6298.00 Jul/17
Canada -3601.90 Jun/17
China 467.36 Jul/17
Euro Area 26587.50 Jun/17
France -4657.00 Jun/17
Germany 22324.00 Jun/17
India -11449.80 Jul/17
Indonesia -271.20 Jul/17
Italy 4502.18 Jun/17
Japan 418.77 Jul/17
Mexico 61.53 Jun/17
Netherlands 6620.00 Jun/17
Russia 8690.00 Jun/17
South Korea 10646.00 Jul/17
Spain -1431000.00 May/17
Switzerland 2812.51 Jun/17
Turkey -6010.95 Jun/17
United Kingdom -4564.00 Jun/17
United States -43642.00 Jun/17