Imports of goods and services to Australia expanded 1 percent month-on-month to AUD 27.98 billion in June 2020, as demand started to strengthen as the economy slowly emerged from the coronavirus crisis. Purchases of consumption goods grew by 7 percent to AUD 8.22 billion, due to textiles (16 percent), and consumption goods n.e.s. (8 percent) household electrical items (33 percent). Also, imports of intermediate and other merchandise goods advanced 5 percent to AUD 9.60 billion, driven by fuels and lubricants (28 percent), while those of services rose 1 percent to AUD 3.88 billion, led by tourism-related services (12 percent). By contrast, arrivals of capital goods fell 2 percent to AUD 5.49 billion, of which ADP equipment (-31 percent). In addition, purchases of non-monetary gold plunged 40 percent to AUD 806 million.
Imports in Australia averaged 12324.40 AUD Million from 1971 until 2020, reaching an all time high of 36019 AUD Million in November of 2018 and a record low of 393 AUD Million in May of 1972. This page provides the latest reported value for - Australia Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Imports - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Australian Bureau of Statistic
Imports in Australia is expected to be 35300.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Australia to stand at 35000.00 in 12 months time. In the long-term, the Australia Imports is projected to trend around 36000.00 AUD Million in 2021 and 36500.00 AUD Million in 2022, according to our econometric models.