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. Considering the first nine months of the year, the trade surplus widened to AUD 15.50 billion from AUD 10.88 billion in the same period of 2017. Balance of Trade in Australia averaged -521.89 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



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.

Exports increased by 1 percent from a month earlier to an all-time high of AUD 37.50 billion in September 2018, mainly driven by sales of non-rural goods (3 percent to AUD 23.61 billion), in particular metal ores and minerals (7 percent), other mineral fuels (6 percent), and other manufactures (2 percent). Also, exports of rural goods went up (1 percent to AUD 4.21 billion), in particular wool & sheepskins (12 percent), cereal grains and cereal preparations (2 percent). Exports of services went up 1 percent to AUD 8.16 billion, boosted by travel (2 percent). By contrast, exports of non-monetary gold tumbled 26 percent to AUD 1.50 billion.
 
Meanwhile, imports fell 1 percent to AUD 34.48 billion in September. Purchases of capital goods dropped 9 percent to AUD 6.09 billion, dragged by civil aircraft & confidentialised items (-45 percent), telecommunications equipment (-1 percent), ADP equipment (-3 percent), machinery and industrial equipment (-5 percent), and capital goods n.e.s (-18 percent). Also, imports of non-monetary gold decreased 14 percent to AUD 0.40 billion. Meantime, consumption goods rose 1 percent to AUD 8.68 billion, as an increase in food & beverages (3 percent), textiles, clothing & footwear (1 percent), toys, books & leisure goods (3 percent), and household electrical items (7 percent) while those of non-industrial transport equipment fell by 3 percent. Arrivals of intermediate & other merchandise goods went up 2 percent to AUD 11.19 billion, due to a rise in fuels & lubricants (8 percent), iron & steel (20 percent), parts for transport equipment (1 percent), parts for ADP equipment (6 percent), paper and paperboard (2 percent), textile yam and fabrics (6 percent), plastics (3 percent), processed industrial supplies n.e.s (4 percent), and goods procured in ports by carriers (1 percent). Imports of services almost unchanged at AUD 8.17 billion, as a rise in transport (1 percent) offset a decline in travel (1 percent).
 
Considering the first nine months of the year, the trade surplus widened to AUD 15.50 billion from AUD 10.88 billion in the same period of 2017.
 


Australian Bureau of Statistics l Chusnul Ch Manan | chusnul@tradingeconomics.com
11/1/2018 3:10:29 AM



Calendar GMT Actual Previous Consensus TEForecast
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$3.017B A$2.342B A$1.7B A$ 0.6B
2018-12-07 12:30 AM Balance of Trade A$3.017B


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 3017.00 2342.00 4510.00 -4214.00 AUD Million [+]
Exports 37496.00 37213.00 37496.00 435.00 AUD Million [+]
Imports 34479.00 34871.00 34871.00 393.00 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 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 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 285.00 279.00 781.00 243.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3017.00 2342.00 4510.00 -4214.00 1971 - 2018 AUD Million Monthly
SA




Country Last
Argentina 314.00 Sep/18
Australia 3017.00 Sep/18
Brazil 6121.36 Oct/18
Canada -416.30 Sep/18
China 340.16 Oct/18
Euro Area 13141.70 Sep/18
France -5663.00 Sep/18
Germany 18395.00 Sep/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan 139.56 Sep/18
Mexico -194.00 Sep/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -2950.00 Sep/18
South Korea 6552.00 Oct/18
Spain -3057300.00 Aug/18
Switzerland 1447.00 Sep/18
Turkey -1869.47 Sep/18
United Kingdom -27.00 Sep/18
United States -54019.00 Sep/18


Related

Latest