Australia's trade surplus declined to AUD 9.42 billion in November 2021 from a downwardly revised AUD 10.78 billion in the previous month and below market consensus of AUD 10.6 billion. It was the smallest trade surplus since April, amid softening global demand as more countries battled with a resurgence of coronavirus infections. Exports grew 2 percent month-over-month to AUD 43.86 billion and imports rose at a faster 6 percent to a 23-month high of AUD 34.44 billion. Considering the first eleven months of the year, the trade surplus surged to AUD 114.80 billion from AUD 65.22 billion in the same period of 2020. source: Australian Bureau of Statistics

Balance of Trade in Australia averaged -42.60 AUD Million from 1971 until 2021, reaching an all time high of 14018 AUD Million in August of 2021 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 January 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
2021-12-02 12:30 AM Oct A$11.22B A$11.824B A$11B A$11B
2022-01-11 12:30 AM Nov A$9.423B A$10.781B A$10.6B A$10.5B
2022-02-03 12:30 AM Dec A$9.423B A$ 13B


Related Last Previous Unit Reference
Balance of Trade 9423.00 10781.00 AUD Million Nov/21
Current Account 23886.00 22870.00 AUD Million Sep/21
Exports 43859.00 43168.00 AUD Million Nov/21
Imports 34436.00 32387.00 AUD Million Nov/21
External Debt 2201681.00 2150759.00 AUD Million Sep/21
Terms of Trade 128.00 127.00 points Sep/21
Capital Flows -21835.00 -24448.00 AUD Million Sep/21
Foreign Direct Investment 29274.00 56423.00 AUD Million Dec/20
Tourist Arrivals 4310.00 4410.00 Oct/21

News Stream
Australia Trade Surplus Smallest in 7 Months
Australia's trade surplus declined to AUD 9.42 billion in November 2021 from a downwardly revised AUD 10.78 billion in the previous month and below market consensus of AUD 10.6 billion. It was the smallest trade surplus since April, amid softening global demand as more countries battled with a resurgence of coronavirus infections. Exports grew 2 percent month-over-month to AUD 43.86 billion and imports rose at a faster 6 percent to a 23-month high of AUD 34.44 billion. Considering the first eleven months of the year, the trade surplus surged to AUD 114.80 billion from AUD 65.22 billion in the same period of 2020.
2022-01-11
Australia Trade Surplus Smallest in 5 Months
Australia's trade surplus edged down to AUD 11.22 billion in October 2021 from a downwardly revised AUD 11.82 billion in the previous month and compared with market consensus of AUD 11 billion. It was the smallest trade surplus since May, amid softening global demand as more countries battled with a resurgence of coronavirus infections. Exports fell 3 percent month-over-month to a five-month low of AUD 43.05 billion and imports dropped at the same pace to their lowest in six months of AUD 31.83 billion. Considering the first ten months of the year, the trade surplus surged to AUD 107.20 billion from AUD 59.88 billion in the same period of 2020.
2021-12-02
Australia Trade Surplus Falls from Record High
Australia's trade surplus decreased to AUD 12.24 billion in September 2021 from a record high of AUD 14.74 billion in the previous month and in line with market consensus. Exports tumbled 6 percent month-over-month to a three-month low of AUD 44.97 billion, amid softening foreign demand as more countries battled with rising cases of the Delta strain; and imports fell at a softer 1 percent to AUD 32.73 billion. Considering the first nine months of the year, the trade surplus soared to AUD 97.42 billion from AUD 53.19 billion in the same period of 2020.
2021-11-04

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. .