Australia's trade surplus fell to AUD 4.61 billion in July 2020 from a downwardly revised AUD 8.15 billion in the previous month and below market consensus of an AUD 5.4 billion surplus. This was the smallest trade surplus since February, amid the prolonged impact of the COVID-19 pandemic and escalating tensions with China. Exports plunged 4 percent month-over-month to an over two-year low of AUD 34.49 billion, while imports jumped 7 percent to a four-month high of AUD 29.89 billion. Considering the first seven months of the year, the country's trade surplus widened to AUD 46.92 billion from AUD 40.56 billion in the same period of 2019.

Balance of Trade in Australia averaged -290.37 AUD Million from 1971 until 2020, reaching an all time high of 10527 AUD Million in March of 2020 and a record low of -4170 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 September of 2020. source: Australian Bureau of Statistics

Balance of Trade in Australia is expected to be 4200.00 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 -500.00 AUD Million in 2021 and 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
4607.00 8149.00 10527.00 -4170.00 1971 - 2020 AUD Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-04 01:30 AM Apr A$8.8B A$10.44B A$7.5B A$8.4B
2020-07-02 01:30 AM May A$8.025B A$7.83B A$9B A$9.1B
2020-08-04 01:30 AM Jun A$8.202B A$7.341B A$8.8B A$8.5B
2020-09-03 01:30 AM Jul A$4.607B A$8.149B A$5.4B A$5B
2020-10-06 01:30 AM Aug A$4.607B
2020-11-05 12:30 AM Sep A$ 4.2B
2020-12-03 12:30 AM Oct


News Stream
Australia Posts Smallest Trade Surplus in 5 Months
Australia's trade surplus fell to AUD 4.61 billion in July 2020 from a downwardly revised AUD 8.15 billion in the previous month and below market consensus of an AUD 5.4 billion surplus. This was the smallest trade surplus since February, amid the prolonged impact of the COVID-19 pandemic and escalating tensions with China. Exports plunged 4 percent month-over-month to an over two-year low of AUD 34.49 billion, while imports jumped 7 percent to a four-month high of AUD 29.89 billion. Considering the first seven months of the year, the country's trade surplus widened to AUD 46.92 billion from AUD 40.56 billion in the same period of 2019.
2020-09-03
Australia Trade Surplus Largest in 3 Months
Australia's trade surplus increased to AUD 8.20 billion in June 2020 from a downwardly revised AUD 7.34 billion in the previous month and compared with market consensus of an AUD 8.8 billion surplus. This was the largest trade surplus since March, amid improving global demand as more countries reopened their economies following restrictions related with the COVID-19 pandemic. Outbound shipments jumped 3 percent month-over-month to AUD 36.19 billion, while imports grew at a softer 1 percent to AUD 27.98 billion. On a quarterly basis, the country's trade surplus went up to AUD 23.4 billion from AUD 19.23 billion in the first three months of the year. Considering the first half of the year, the trade surplus widened to AUD 42.63 billion from AUD 32.99 billion in the same period of 2019.
2020-08-04
Australia Trade Surplus Widens in May
Australia's trade surplus increased to AUD 8.03 billion in May 2020 from a downwardly revised AUD 7.83 billion in the previous month but below market consensus of a AUD 9 billion surplus. Exports fell 4 percent over a month earlier to a two-year low of AUD 35.74 billion, while imports dropped 6 percent to a seven-year low of AUD 27.72 billion. Considering the first five months of the year, the trade surplus widened to AUD 34.84 billion from AUD 25.35 billion in the same period of 2019.
2020-07-02
Australia April Trade Surplus Beats Estimates
Australia's trade surplus fell to AUD 8.8 billion in April 2020 from a marginally revised AUD 10.45 billion in the previous month but above market consensus of a surplus of AUD 7.5 billion. Exports tumbled 11 percent over a month earlier to AUD 37.51 billion, while imports slumped 10 percent to a four-year low of AUD 28.71 billion. Considering the first four months of the year, the trade surplus widened to AUD 28.48 billion from AUD 19.54 billion in the same period of 2019.
2020-06-04

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. .