Australia Balance of Trade  1971-2018 | Data | Chart | Calendar | Forecast

Australia's trade surplus widened sharply by 158 percent to AUD 1.87 billion in June of 2018 from a downwardly revised AUD 0.73 billion in the prior month and far above market expectations of a AUD 0.9 billion surplus. It is the largest trade surplus since May last year, as exports rose to an all-time high while imports declined. Balance of Trade in Australia averaged -535.43 AUD Million from 1971 until 2018, reaching an all time high of 4534 AUD Million in December of 2016 and a record low of -4210 AUD Million in April of 2015.

Australia Balance of Trade
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Australia June Trade Surplus Largest in 13 Months

Australia's trade surplus widens sharply 158 percent to AUD 1.87 billion in June of 2018 from a downwardly revised AUD 0.73 billion in the prior month and far above market expectations of a AUD 0.9 billion surplus. It is the largest trade surplus since May last year, as exports rose to an all-time high while imports declined.

Exports increased by 3 percent month-on-month to an all-time high of AUD 36.44 billion in June. Sales of non-rural goods rose by 2 percent to AUD 22.92 billion, mainly due to metal ores and minerals (1 percent); other mineral fuels (1 percent); other manufactures (6 percent); and transport equipment (16 percent). In addition, exports of non-monetary gold increased by 6 percent to AUD 1.98 billion while those of rural goods went up 5 percent to AUD 4.16 billion, mainly due to meat and meat preparations (2 percent), cereal grains and cereal preparations (10 percent) and other rural products (6 percent). Exports of services went up by 1 percent to AUD 7.39 billion, due to a rise in travel sales (2 percent) while other services were almost unchanged. 
Imports fell 1 percent to AUD 34.57 billion in June. Imports of intermediate and other merchandise goods went down by 4 percent to AUD 10.74 billion, mainly dragged down by fuels and lubricants (-11 percent); processed industrial supplies (-2 percent); parts for transport equipment (-5 percent); other parts for capital goods (-1 percent). Also, purchases of non-monetary gold tumbled 15 percent to AUD 0.64 billion. Meantime, purchases of consumption goods were almost unchanged at AUD 8.96 billion, mostly due to a fall in non-industrial transport equipment (-3 percent) was offset by a rise in both textiles, clothing and footwear (2 percent); food and beverages (2 percent), and household electrical items (1 percent). Imports of services were almost unchanged at AUD 7.62 billion, as an increase in purchases of other services (1 percent) was offset by a drop in transport ( -3 percent); travel (-1 percent). By contrast, inbound shipments of capital goods increased by 5 percent to AUD 6.61 billion, led by industrial transport equipment n.e.s (9 percent); civil aircraft and confidentialised items (13 percent).capital goods n.e.s (14 percent), and ADP equipment (6 percent).
Considering the first half of the year, the trade surplus narrowed to AUD 6.55 billion from AUD 10.16 billion in the same period of 2017.

Australian Bureau of Statistics l Chusnul Ch Manan |
8/2/2018 9:37:56 AM

Calendar GMT Actual Previous Consensus TEForecast
2018-06-07 01:30 AM Balance of Trade A$0.977B A$1.73B A$0.98B A$0.9B
2018-07-04 01:30 AM Balance of Trade A$0.83B A$0.47B A$1.2B A$1.2B
2018-08-02 01:30 AM Balance of Trade A$1.873B A$0.725B A$0.9B A$ 0.3B
2018-09-07 01:30 AM Balance of Trade A$1.873B
2018-10-05 12:30 AM Balance of Trade
2018-11-02 12:30 AM Balance of Trade A$ 0.6B

Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 1873.00 725.00 4534.00 -4210.00 AUD Million [+]
Exports 36439.00 35525.00 36439.00 435.00 AUD Million [+]
Imports 34567.00 34800.00 34800.00 393.00 AUD Million [+]
Current Account -10469.00 -14661.00 277.00 -22594.00 AUD Million [+]
Current Account to GDP -3.10 -1.40 2.30 -7.30 percent [+]
External Debt 2005834.00 1941517.00 2005834.00 147312.00 AUD Million [+]
Terms of Trade 87.70 89.10 106.40 47.50 Index Points [+]
Foreign Direct Investment 60499.00 64825.00 64825.00 -37050.00 AUD Million [+]
Capital Flows 7339.00 16999.00 26186.00 -375.00 AUD Million [+]
Tourist Arrivals 609300.00 679700.00 1010600.00 30100.00 [+]
Gold Reserves 72.80 72.80 79.85 72.80 Tonnes [+]
Crude Oil Production 276.00 292.00 781.00 243.00 BBL/D/1K [+]
Terrorism Index 3.09 2.74 3.11 0.01 [+]
Weapons Sales 97.00 134.00 158.00 2.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Australia Balance of Trade

In spite of Australia being a major exporter of commodities, the country has been reporting trade deficits with an exception of 2010, 2011 and 2017 as the majority of manufactured goods have to be imported. 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. . 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1873.00 725.00 4534.00 -4210.00 1971 - 2018 AUD Million Monthly

balance of trade by Country
Country Last
Australia 1873.00 Jun/18
Brazil 4227.00 Jul/18
Canada -625.50 Jun/18
China 280.50 Jul/18
Euro Area 22509.60 Jun/18
France -6248.00 Jun/18
Germany 21792.00 Jun/18
India -18020.00 Jul/18
Indonesia -2030.30 Jul/18
Italy 5071.00 Jun/18
Japan -231.21 Jul/18
Mexico -897.00 Jun/18
Netherlands 4813.00 Jun/18
Russia 15555.00 Jun/18
South Korea 7006.00 Jul/18
Spain -2153628.00 May/18
Switzerland 1308.99 Jun/18
Turkey -5496.69 Jun/18
United Kingdom -1861.00 Jun/18
United States -46348.00 Jun/18