Australia's trade surplus narrowed to AUD 7.53 billion in February 2021, from the previous month's all-time high of AUD 9.62 billion and shy of market forecasts of AUD 9.7 billion. Exports were down 1 percent, while imports jumped 5 percent to a one-year high. Considering the first two months of the year, the trade surplus soared to AUD 17.15 billion from AUD 7.92 billion in the same period of 2020. source: Australian Bureau of Statistics

Balance of Trade in Australia averaged -208.54 AUD Million from 1971 until 2021, reaching an all time high of 9616 AUD Million in January of 2021 and a record low of -4185 AUD Million in April 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 April of 2021.

Balance of Trade in Australia is expected to be 4700.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Australia to stand at 5000.00 in 12 months time. In the long-term, the Australia Balance of Trade is projected to trend around 5500.00 AUD Million in 2022, according to our econometric models.

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Australia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
7529.00 9616.00 9616.00 -4185.00 1971 - 2021 AUD Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-07 12:30 AM Nov A$5.022B A$6.583B A$6B A$6.5B
2021-02-04 12:30 AM Dec A$6.785B A$5.014B A$ 4.4B
2021-03-04 12:30 AM Jan A$10.142B A$7.133B A$6.5B A$6.2B
2021-04-01 12:30 AM Feb A$7.529B A$9.616B A$9.7B A$9B
2021-05-04 01:30 AM Mar A$7.529B A$ 4.7B
2021-06-04 01:30 AM Apr
2021-07-02 01:30 AM May
2021-08-04 01:30 AM Jun A$ 5B


News Stream
Australia Trade Surplus Smaller than Expected
Australia's trade surplus narrowed to AUD 7.53 billion in February 2021, from the previous month's all-time high of AUD 9.62 billion and shy of market forecasts of AUD 9.7 billion. Exports were down 1 percent, while imports jumped 5 percent to a one-year high. Considering the first two months of the year, the trade surplus soared to AUD 17.15 billion from AUD 7.92 billion in the same period of 2020.
2021-04-01
Australia Posts Largest Trade Surplus on Record
Australia's trade surplus jumped to AUD 10.14 billion in January 2021 from an upwardly revised AUD 7.13 billion in the previous month and easily beating market consensus of AUD 6.5 billion. This was the largest trade surplus on record, amid improving global demand as more countries reopen their economies following an easing of COVID-19 lockdowns. Exports surged 6 percent to a ten-month high of AUD 39.85 billion, while imports fell 2 percent to a three-month low of AUD 29.71 billion.
2021-03-04
Australia Posts Largest Trade Surplus in 6 Months
Australia's trade surplus increased to AUD 6.79 billion in December 2020 from a marginally revised AUD 5.01 billion in the previous month. This was the largest trade surplus since June, amid improving global demand as more countries reopen their economies following an easing of COVID-19 lockdowns. Exports rose 3 percent to a nine-month high of AUD 37.27 billion, while imports fell 2 percent to AUD 30.48 billion. Considering full 2020, the trade surplus widened slightly to AUD 72.10 billion from AUD 70.32 billion in the same period of 2019.
2021-02-04
Australia Trade Surplus Below Estimates in November
Australia's trade surplus decreased to AUD 5.02 billion in November 2020 from a downwardly revised AUD 6.58 billion in the previous month and missing market consensus of an AUD 6 billion surplus. This was the smallest trade surplus since August, amid ongoing COVID-19 disruption, with some countries experiencing a fresh wave of infections. Exports rose 3 percent to a seven-month high of AUD 36.39 billion, while imports jumped 10 percent to a nine-month high of AUD 31.37 billion. Considering the first eleven months of the year, the trade surplus widened slightly to AUD 65.47 billion from AUD 64.80 billion in the same period of 2019.
2021-01-07

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. .