Imports of goods and services to Australia dropped by 3 percent month-over-month to a six-month low of AUD 31.83 billion in October 2021, as domestic demand weakened amid prolonged lockdown measures to curb rising cases of the Delta strain in several key states. Arrivals of intermediate and other merchandise goods fell 1 percent to AUD 11.71 billion, weighed down by processed industrial supplies n.e.s. (-4 percent) and other parts for capital goods (-6 percent). Also, imports of capital goods tumbled 8 percent to AUD 6.65 billion, dragged down by capital goods n.e.s (-37 percent); while those of consumption goods shrank 1 percent to AUD 8.65 billion, led by household electrical items (-19 percent). In addition, arrivals of services declined 2 percent to AUD 4.47 billion, mainly due to transport (-1 percent) and other services (-3 percent). source: Australian Bureau of Statistic
Imports in Australia averaged 12828.79 AUD Million from 1971 until 2021, reaching an all time high of 36435 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 December of 2021.
Imports in Australia is expected to be 33000.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Imports is projected to trend around 36500.00 AUD Million in 2022, according to our econometric models.