Australia Balance of Trade  1900-2018 | Data | Chart | Calendar | Forecast

Australia's trade balance posted a AUD 1.36 billion deficit in December 2017, compared with a AUD 4.41 billion surplus a year earlier and missing market expectations of a AUD 0.2 billion surplus. It was the biggest trade gap since August 2016, mainly due to a jump in imports. Balance of Trade in Australia averaged -628.22 AUD Million from 1900 until 2017, reaching an all time high of 4414 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 Posts Largest Trade Gap in 16 Months


Australia's trade balance posted a AUD 1.36 billion deficit in December 2017, compared with a AUD 4.41 billion surplus a year earlier and missing market expectations of a AUD 0.2 billion surplus. It was the biggest trade gap since August 2016, mainly due to a jump in imports.

In December, imports soared 6 percent from the previous month to an all-time high of AUD 33.82 billion, as purchases rose for: intermediate and other merchandise goods (9 percent to AUD 10.69 billion), mainly fuels and lubricants (21 percent), parts for transport equipment (11 percent) and processed industrial supplies (2 percent); consumption goods (5 percent to AUD 8.98 billion), mainly textiles, clothing and footwear (8 percent) and consumption goods n.e.s. (7 percent); and capital goods (6 percent to AUD 6.17 billion), mainly machinery and industrial equipment (11 percent) and telecommunications equipment (13 percent). In addition, imports of non-monetary gold jumped by 68 percent to AUD 505 million, while those of services were almost similar from a month earlier at AUD 7.49 billion.
Meanwhile, exports rose at a slower 2 percent to AUD 32.47 billion. Sales of non-rural goods grew 4 percent to AUD 20.06 billion, mainly metal ores and minerals (5 percent), coal, coke and briquettes (7 percent) and other mineral fuels (9 percent). By contrast, exports fell for: rural goods (-4 percent to AUD 3.78 billion), mainly other rural (-13 percent); non-monetary gold (-1 percent to AUD 1.43 billion); and net exports of goods under merchanting (-2 percent to AUD 52 million). Also, exports of services declined 1 percent  to AUD 7.15 billion, due to lower travel sales (-1 percent).

Considering full 2017, the trade balance posted a surplus of AUD 11.1 billion, compared with a AUD 13.7 billion deficit in 2016. Exports grew 15 percent to AUD 50.7 billion while imports was up 7 percent to AUD 26 billion.


ABS l Rida Husna | rida@tradingeconomics.com
2/6/2018 5:21:31 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-12-07 12:30 AM Balance of Trade A$0.105B A$1.604B A$1,375M A$1.4B
2018-01-05 12:30 AM Balance of Trade A$-0.628B A$-0.302B A$0.55B A$1.1B
2018-02-06 12:30 AM Balance of Trade A$-1.358B A$36B A$0.2B A$ 0.5B
2018-03-08 12:30 AM Balance of Trade A$-1.358B A$ -0.94B
2018-04-05 01:30 AM Balance of Trade A$ -0.97B
2018-05-03 01:30 AM Balance of Trade A$ -0.97B


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade -1358.00 36.00 4414.00 -43600.00 AUD Million [+]
Exports 32465.00 31955.00 34531.00 435.00 AUD Million [+]
Imports 33823.00 31918.00 33823.00 393.00 AUD Million [+]
Current Account -9125.00 -9664.00 277.00 -22951.00 AUD Million [+]
Current Account to GDP -2.70 -4.70 1.40 -6.70 percent [+]
External Debt 1898196.00 1900341.00 1941405.00 147312.00 AUD Million [+]
Terms of Trade 114.70 103.60 136.60 49.30 Index Points [+]
Foreign Direct Investment 64825.00 29636.00 64825.00 -37050.00 AUD Million [+]
Capital Flows 14066.00 10743.00 26186.00 -375.00 AUD Million [+]
Tourist Arrivals 776900.00 741500.00 971800.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 277.00 271.00 781.00 247.00 BBL/D/1K [+]
Terrorism Index 3.09 2.74 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 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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1358.00 36.00 4414.00 -43600.00 1900 - 2017 AUD Million Monthly
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balance of trade by Country
Country Last
Australia -1358.00 Dec/17
Brazil 2768.44 Jan/18
Canada -3186.30 Dec/17
China 203.40 Jan/18
Euro Area 25414.60 Dec/17
France -3468.00 Dec/17
Germany 18226.00 Dec/17
India -16298.47 Jan/18
Indonesia -676.90 Jan/18
Italy 5253.08 Dec/17
Japan -943.42 Jan/18
Mexico -156.97 Dec/17
Netherlands 4104.00 Dec/17
Russia 13700.00 Dec/17
South Korea 3700.00 Jan/18
Spain -1621000.00 Nov/17
Switzerland 2632.00 Dec/17
Turkey -9206.19 Dec/17
United Kingdom -4896.00 Dec/17
United States -53118.00 Dec/17


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