Imports of goods and services to Australia gained 3 percent from the previous month to AUD 32.55 billion in May 2021, as domestic demand strengthened following an easing of COVID-19 restrictions in some states. Arrivals of consumption goods were up by 1 percent to AUD 9.82 billion, due to textiles, clothing and footwear; food and beverages; consumption goods n.e.s; and household electrical items. In addition, purchases of capital goods rose 3 percent to USD 6.71 billion, led by higher purchases of machinery and industrial equipment, ADP equipment, and capital goods n.e.s. Meanwhile, imports of intermediate and other merchandise goods rose 1 percent to AUD 10.79 billion, mainly driven by parts for transport equipment, and other parts for capital goods. Also, purchases of services increased 5 percent to AUD 4.34 billion, mainly boosted by transport. source: Australian Bureau of Statistic
Imports in Australia averaged 12593.21 AUD Million from 1971 until 2021, reaching an all time high of 36199 AUD Million in September of 2019 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 July of 2021.
Imports in Australia is expected to be 32000.00 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 36000.00 in 12 months time. In the long-term, the Australia Imports is projected to trend around 36500.00 AUD Million in 2022, according to our econometric models.