Australia's trade surplus widened to a new record peak of AUD 17.67 billion in June 2022 from a downwardly revised AUD 15.02 billion in the previous month and easily beating market forecasts of a surplus of AUD 14 billion, as exports rose much more than imports, amid solid global demand and surging commodity prices. Exports grew by 5.1% mom to a new record high of AUD 58.55 billion, while imports grew at a much softer 0.7% mom to a new record peak of AUD 43.53 billion. For the first half of the year, the trade surplus widened strongly to AUD 74.19 billion from AUD 56.31 billion in the same period of 2021. source: Australian Bureau of Statistics

Balance of Trade in Australia averaged 91.91 AUD Million from 1971 until 2022, reaching an all time high of 17670 AUD Million in June of 2022 and a record low of -4033 AUD Million in December of 2015. 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 - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Balance of Trade in Australia is expected to be 10000.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Balance of Trade is projected to trend around 5500.00 AUD Million in 2023, according to our econometric models.

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Australia Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-07-07 01:30 AM May A$15.965B A$13.248B A$10.725B A$10.7B
2022-08-04 01:30 AM Jun A$17.67B A$15.016B A$14B A$ 11B
2022-09-08 01:30 AM Jul A$17.67B


Related Last Previous Unit Reference
Balance of Trade 17670.00 15016.00 AUD Million Jun 2022
Current Account 7532.00 13235.00 AUD Million Mar 2022
Exports 61527.00 58549.00 AUD Million Jun 2022
Imports 43857.00 43533.00 AUD Million Jun 2022
External Debt 2178985.00 2224079.00 AUD Million Mar 2022
Terms of Trade 144.20 140.60 points Jun 2022
Capital Flows -2921.00 -6470.00 AUD Million Mar 2022
Foreign Direct Investment 33394.00 29274.00 AUD Million Dec 2021
Tourist Arrivals 231480.00 235460.00 May 2022

Australia Balance of Trade
In 2017 and 2018 Australia recorded trade surpluses mostly due to rise in a resource exports like natural gas, metal ores and minerals, coal, coke and briquettes and rural goods such as meat and cereals. 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. .
Actual Previous Highest Lowest Dates Unit Frequency
17670.00 15016.00 17670.00 -4033.00 1971 - 2022 AUD Million Monthly
SA

News Stream
Australia Trade Surplus Notches New Record
Australia's trade surplus widened to a new record peak of AUD 17.67 billion in June 2022 from a downwardly revised AUD 15.02 billion in the previous month and easily beating market forecasts of a surplus of AUD 14 billion, as exports rose much more than imports, amid solid global demand and surging commodity prices. Exports grew by 5.1% mom to a new record high of AUD 58.55 billion, while imports grew at a much softer 0.7% mom to a new record peak of AUD 43.53 billion.
2022-08-04
Australia Trade Surplus Hits Record Peak
Australia's trade surplus widened to a record high of AUD 15.97 billion in May 2022 from an upwardly revised AUD 13.25 billion in the previous month and easily beating market forecasts of a surplus of AUD 10.73 billion, as exports rose more than imports, amid solid global demand and soaring commodity prices. Exports increased by 9.5% mom to a fresh record peak of AUD 58.40 billion, while imports grew at a softer 5.8% mom to a new record peak of AUD 42.44 billion. For the first five months of the year, the trade surplus increased sharply to AUD 60.67 billion from AUD 44.76 billion in the same period of 2021.
2022-07-07
Australia Trade Surplus Largest in 3 Months
Australia's trade surplus widened to AUD 10.50 billion in April 2022 from an upwardly revised AUD 9.74 billion in the previous month and beating market forecasts of a surplus of AUD 9.3 billion. It was the largest trade surplus since January, as exports rose while imports fell. Exports grew by 1% mom to a new record high of AUD 50.38 billion, while, imports dropped 0.7% mom to AUD 39.88 billion. For the first four months of the year, the trade surplus increased to AUD 40.80 billion from AUD 34.48 billion in the same period of 2021.
2022-06-02