Australia's trade surplus increased to a fresh record high of AUD 10.50 billion in June 2021 from a downwardly revised AUD 9.68 billion in the previous month and compared with market consensus of a surplus of AUD 10.45 billion. Exports jumped 4 percent to a near two-year high of AUD 43.34 billion, amid strengthening foreign demand in the aftermath of the coronavirus disruptions; while imports rose at a softer 1 percent to AUD 32.84 billion. Considering the first six months of the year, the trade surplus widened sharply to AUD 52.48 billion from AUD 39.17 billion in the same period of 2020. source: Australian Bureau of Statistics
Balance of Trade in Australia averaged -151.81 AUD Million from 1971 until 2021, reaching an all time high of 10496 AUD Million in June of 2021 and a record low of -4203 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 August of 2021.
Balance of Trade in Australia is expected to be 8000.00 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 2022, according to our econometric models.