Australia Balance of Trade  1900-2017 | Data | Chart | Calendar | Forecast

Australia's trade surplus unexpectedly narrowed 48 percent to AUD 0.46 billion in July of 2017 from an upwardly revised AUD 0.89 billion in June while market estimated AUD 0.88 billion. It was the smallest trade surplus in three months, as exports fell 2 percent from a month earlier to AUD 31.07 billion and imports declined by 1 percent to AUD 30.61 billion. Considering January to July 2017, trade surplus came in at AUD 10.69 billion. Balance of Trade in Australia averaged -613.71 AUD Million from 1900 until 2017, reaching an all time high of 4557 AUD Million in December of 2016 and a record low of -43600 AUD Million in January of 1900.

Australia Balance of Trade
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Australia Trade Surplus Smallest in 3 Months


Australia's trade surplus unexpectedly narrowed 48 percent to AUD 0.46 billion in July of 2017 from an upwardly revised AUD 0.89 billion in June while market estimated AUD 0.88 billion. It was the smallest trade surplus in three months, as exports fell 2 percent from a month earlier to AUD 31.07 billion and imports declined by 1 percent to AUD 30.61 billion.

Compared to the prior month, sales of goods and services declined by 2 percent to AUD 31.07 billion in July.

Exports of non-rural goods (bulk commodities and non-bulk commodities) fell 3 percent to AUD 18.9 billion, mainly due to other mineral fuels (-12 percent); metal ores and minerals (-2.0 percent) and coal, coke and briquettes (-2.0 percent). 

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) dropped by  17 percent to AUD 1.59 billion. Meantime, net exports of goods under merchanting fell by 15 percent to AUD 22 million.

Exports of rural goods rose 2 percent to AUD 4.26 billion, driven by other rural (6 percent) and wool and sheepskins (26 percent). Partly offsetting this rise were cereal grains and cereal preparations (-13.0 percent).

Exports of services went up 3 percent  to AUD 6.31 billion mainly due to travel (3 percent).

Imports of goods and services declined by 1 percent to AUD 30.61 billion.

Purchases of consumption goods decreased by 2.0 percent to AUD 8.38 billion. The main components contributing to the fall were: consumption goods n.e.s (-2 percent); textile, clothing, footwear (-3 percent) and toys, books and leisure goods (-5. percent).

Purchases of capital goods went down 2 percent to AUD 6.34 billion, mainly driven by civil aircraft and confidentialised items (-41 percent) and machinery and industrial equipment (-5 percent). Partly offsetting these falls was capital goods n.e.s (23 percent).

Imports of intermediate and other merchandise goods fell 1 percent to AUD 9.0 billion. The main component contributing to the fall was processed industrial supplies n.e.s (-3 percent); parts for transport equipment (-6 percent), other parts for capital goods (-3 percent) and other merchandise goods (-62 percent). Partly offsetting this fall were fuels and lubricants (6 percent).

Imports of non-monetary gold fell by 17 percent to AUD 459 million.

Imports of services rose 1 percent to  AUD 6.43 billion. The main component contributing to the rise were maintenance and repair services n.i.e.(48 percent) and travel (1 percent). 

Considering January to July 2017, trade surplus came in at AUD 10.69 billion.

ABS l Rida Husna | rida@tradingeconomics.com
9/7/2017 2:01:08 PM


Recent Releases

Australia Trade Surplus Narrows More Than Estimated
Australia's trade surplus narrowed 58 percent to AUD 0.86 billion in June of 2017 from a downwardly revised AUD 2.02 billion in May. The figure came in below market expectations of AUD 1.8 billion, as exports fell 1 percent from a month earlier to AUD 31.78 billion while imports rose 2 percent to a record high of AUD 30.92 billion.
Published on 2017-08-03

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.
Published on 2017-07-06

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



Calendar GMT Actual Previous Consensus TEForecast
2017-07-06 01:30 AM Balance of Trade A$2.471B A$0.09B A$1.1B A$0.5B
2017-08-03 01:30 AM Balance of Trade A$0.86B A$2.02B A$1.8B A$1.6B
2017-09-07 01:30 AM Balance of Trade A$0.46B A$0.89B A$0.875B A$0.9B
2017-10-05 12:30 AM Balance of Trade A$0.46B
2017-11-03 12:30 AM Balance of Trade A$0.6B
2017-12-08 12:30 AM Balance of Trade


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 460.00 888.00 4557.00 -43600.00 AUD Million [+]
Exports 31071.00 31780.00 33901.00 435.00 AUD Million [+]
Imports 30611.00 30892.00 30892.00 396.00 AUD Million [+]
Current Account -9562.00 -4754.00 295.00 -23051.00 AUD Million [+]
Current Account to GDP -2.70 -4.70 1.40 -6.70 percent [+]
External Debt 1900341.00 1886770.00 1941405.00 147312.00 AUD Million [+]
Terms of Trade 103.60 109.70 136.60 49.30 Index Points [+]
Foreign Direct Investment 64825.00 29636.00 64825.00 -37050.00 AUD Million [+]
Capital Flows 3798.00 3693.00 25769.00 -375.00 AUD Million [+]
Tourist Arrivals 746100.00 605100.00 971800.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 271.00 256.00 781.00 247.00 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

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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
460.00 888.00 4557.00 -43600.00 1900 - 2017 AUD Million Monthly
SA




balance of trade by Country

Last
Australia 460.00 Jul/17
Brazil 5599.00 Aug/17
Canada -3040.40 Jul/17
China 419.92 Aug/17
Euro Area 23156.00 Jul/17
France -5968.00 Jul/17
Germany 19500.00 Jul/17
India -11643.96 Aug/17
Indonesia 1722.60 Aug/17
Italy 6560.39 Jul/17
Japan 113.64 Aug/17
Mexico -1522.60 Jul/17
Netherlands 4711.00 Jul/17
Russia 3970.00 Jul/17
South Korea 7013.00 Aug/17
Spain -2099000.00 Jul/17
Switzerland 2173.00 Aug/17
Turkey -8842.94 Jul/17
United Kingdom -2872.00 Jul/17
United States -43689.00 Jul/17