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

Australia's trade surplus widened 2,646 percent to 2.47 billion in May of 2017 from a downwardly revised AUD 0.09 billion in April and beating market consensus of AUD 1.1 billion. It was the seventh straight month of trade surplus and the largest since February 2017, as exports jumped 9 percent month-on-month to AUD 32.78 billion while imports rose 1 percent to AUD 30.31 billion. Cumulatively from January to May 2017, the trade surplus was recorded at AUD 10 billion. Balance of Trade in Australia averaged -539.13 AUD Million from 1971 until 2017, reaching an all time high of 4512 AUD Million in December of 2016 and a record low of -4144 AUD Million in December of 2015.

Australia Balance of Trade
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-05-04 01:30 AM Mar A$3.11B A$3.66B A$3.4B A$2.9B
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$2.471B A$1.1B
2017-09-07 01:30 AM Jul
2017-10-05 12:30 AM Aug




Australia Trade Surplus Widens 2,646% MoM In May


Australia's trade surplus widened 2646 percent to AUD 2471 billion in May of 2017 from a downwardly revised AUD 0.09 billion in April. The figure came in above market expectations of AUD 1.1 billion as exports strongly bounced back after cyclone disruptions last month reduced coal supplies.

Compared to the prior month, sales of goods and services increased by 9 percent to AUD 32.78 billion. It is the biggest jump since November of 2016.

Exports of rural goods rose 3 percent to AUD 4.2 billion, mainly due to a 15 percent increase in cereal grains & cereal preparations which was partially offset by a 20 percent decline in wool and sheepskins.

Exports of non-rural goods (bulk commodities and non-bulk commodities) were up 13 percent to AUD 20.70 billion, as coal, coke & briquettes recovered from a 45 percent drop in April, to a 62 percent increase in May.

Partially offsetting these gains were "other non-rurals, including sugar & beverages" (-11 percent) and metal ores & minerals (-7 percent).

Exports of 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 3 percent to AUD 1.52 billion.

Exports of services went up AUD 84 million, or 1 percent, to AUD 6.39 billion mainly due to an increase in travel (+2 percent).

Imports of goods and services edged up 1 percent to AUD 30.31 billion. Intermediate and other merchandise goods contributed the most to this rise (+5 percent) which was itself buoyed by a sharp increase in fuels & lubricants (+17 percent). In contrast, imports of non-monetary gold fell 25 percent.

Imports of services rose AUD 29 million to AUD 6.47 billion. The main component contributing to the rise was "other services" (+1 percent) and travel (+1 percent).

Cumulatively from January to May 2017, the trade surplus was recorded at AUD 10 billion.

ABS | Charles | charles@tradingeconomics.com
7/6/2017 10:19:17 AM


Recent Releases

Australia's Trade Surplus Lowest in 6 Months In April
Australia's trade surplus narrowed 82.5 percent to AUD 0.555 billion in April of 2017 from an upwardly revised AUD 3.169 billion in March. The figure came in below market expectations of AUD 1.95 billion after a cyclone in Queensland sharply reduced exports of coal.
Published on 2017-06-08

Australia Trade Surplus Narrows More Than Estimated
Australia's trade surplus narrowed 15 percent to AUD 3.11 billion in March of 2017 from an upwardly revised AUD 3.66 billion in February. The figure came in below market expectations of AUD 3.40 billion as exports rose less than imports.
Published on 2017-05-04

Australia Trade Surplus Surges In February
Australia's trade surplus widened 138 percent to AUD 3.57 billion in February of 2017 from an upwardly revised AUD 1.50 billion surplus in January and beating market expectations of AUD 1.8 billion. It was the second-largest surplus on record, as exports rose 1 percent from the prior month while imports fell 5 percent.
Published on 2017-04-04

Australia Trade Surplus Narrows To 3-Month Low
Australia's trade surplus unexpectedly narrowed 61 percent to AUD 1.30 billion in January of 2017 from a downwardly revised AUD 3.33 billion surplus in December and missing market expectations of AUD 3.8 billion. It was the smallest surplus in three months, as exports fell 3 percent from the prior month while imports rose 4 percent.
Published on 2017-03-02



Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 2471.00 90.00 4512.00 -4144.00 AUD Million [+]
Exports 32781.00 30203.00 33860.00 435.00 AUD Million [+]
Imports 30310.00 30113.00 30335.00 396.00 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 579100.00 701300.00 971800.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 256.00 259.00 781.00 247.00 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 July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2471.00 90.00 4512.00 -4144.00 1971 - 2017 AUD Million Monthly
SA



balance of trade by Country

Last
Australia 2471.00 May/17
Brazil 7195.00 Jun/17
Canada -1085.90 May/17
China 427.70 Jun/17
Euro Area 21417.50 May/17
France -4886.00 May/17
Germany 22000.00 May/17
India -12959.90 Jun/17
Indonesia 1631.20 Jun/17
Italy 4341.51 May/17
Japan 439.91 Jun/17
Mexico -1079.20 May/17
Netherlands 4655.00 May/17
Russia 8519.00 May/17
South Korea 11400.00 Jun/17
Spain -1198829.00 Apr/17
Switzerland 2812.51 Jun/17
Turkey -7307.04 May/17
United Kingdom -3073.00 May/17
United States -46507.00 May/17