Australia Balance of Trade  1971-2018 | Data | Chart | Calendar | Forecast

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 high while imports were unchanged. Considering the first eight months of the year, the trade surplus narrowed to AUD 10.46 billion from AUD 10.86 billion in the same period of 2017. Balance of Trade in Australia averaged -528.14 AUD Million from 1971 until 2018, reaching an all time high of 4510 AUD Million in December of 2016 and a record low of -4214 AUD Million in April of 2015.

Australia Balance of Trade
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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.

Exports increased by 1 percent from a month earlier to a near record high of AUD 36.56 billion in August, mainly driven by sales of rural goods (3 percent to AUD 4.20 billion), in particular other rural (7 percent), meat & meat preparations (6 percent), and wool & sheepskins (5 percent). Also, exports of non-monetary gold soared 13 percent to AUD 2.02 billion, while sales of non-rural goods dropped 1 percent to AUD 22.71 billion dragged by a decline in shipments of metals (-14 percent), metal ores & minerals (-3 percent), coal, coke & briquettes (-2 percent), and machinery (-3 percent). Exports of services went up 1 percent to AUD 7.61 billion, boosted by travel (1 percent) and other services (1 percent).

Meanwhile, imports were virtually unchanged at an all-time high of AUD 34.96 billion in August. Purchases of consumption goods were flat at AUD 8.64 billion, as an increase in food & beverages (3 percent), non-industrial transport equipment (2 percent) and textiles, clothing & footwear (1 percent) offset a decline in toys, books & leisure goods (-5 percent) and household electrical items (-5 percent). Meanwhile, imports of capital goods grew 9 percent to AUD 6.77 billion, led by civil aircraft & confidentialised items (169 percent), telecommunications equipment (12 percent), ADP equipment (6 percent), and machinery & industrial equipment (3 percent). Arrivals of intermediate & other merchandise goods fell 2 percent to AUD 11.04 billion, due to a drop in fuels & lubricants (-11 percent), iron & steel (-24 percent) and parts for transport equipment (-2 percent). Imports of services increased 1 percent to AUD 8.09 billion, led by travel (2 percent), transport (1 percent) and other services (1 percent).

Considering the first eight months of the year, the trade surplus narrowed to AUD 10.46 billion from AUD 10.86 billion in the same period of 2017.



ABS | Rida | rida@tradingeconomics.com
10/4/2018 9:22:52 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-08-02 01:30 AM Balance of Trade A$1.873B A$0.725B A$0.9B A$ 0.3B
2018-09-06 01:30 AM Balance of Trade A$1.551B A$1.937B A$1.4B A$ 1B
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$1.604B A$1.4B A$ 0.6B
2018-12-07 12:30 AM Balance of Trade


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 1604.00 1548.00 4510.00 -4214.00 AUD Million [+]
Exports 36562.00 36377.00 36701.00 435.00 AUD Million [+]
Imports 34958.00 34828.00 34958.00 393.00 AUD Million [+]
Current Account -13472.00 -11678.00 277.00 -22497.00 AUD Million [+]
Current Account to GDP -3.10 -1.40 2.30 -7.30 percent [+]
External Debt 2045588.00 2005834.00 2045588.00 147312.00 AUD Million [+]
Terms of Trade 87.70 89.10 106.40 47.50 Index Points [+]
Foreign Direct Investment 60499.00 64825.00 64825.00 -37050.00 AUD Million [+]
Capital Flows 12538.00 7111.00 25377.00 -375.00 AUD Million [+]
Tourist Arrivals 741700.00 774400.00 1015000.00 30100.00 [+]
Gold Reserves 68.70 72.80 79.85 68.70 Tonnes [+]
Crude Oil Production 279.00 272.00 781.00 243.00 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1604.00 1548.00 4510.00 -4214.00 1971 - 2018 AUD Million Monthly
SA




balance of trade by Country
Country Last
Argentina -1127.00 Aug/18
Australia 1604.00 Aug/18
Brazil 4971.00 Sep/18
Canada 526.10 Aug/18
China 316.93 Sep/18
Euro Area 11671.20 Aug/18
France -5632.00 Aug/18
Germany 17174.00 Aug/18
India -13980.00 Sep/18
Indonesia 227.10 Sep/18
Italy 2564.00 Aug/18
Japan 139.56 Sep/18
Mexico -2590.00 Aug/18
Netherlands 3463.00 Aug/18
Russia 15797.00 Aug/18
Saudi Arabia 162782.00 Jun/18
Singapore 3685.26 Sep/18
South Africa 8794.70 Aug/18
South Korea 9746.00 Sep/18
Spain -3247700.00 Jul/18
Switzerland 1447.00 Sep/18
Turkey -2421.79 Aug/18
United Kingdom -1274.00 Aug/18
United States -53237.00 Aug/18


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