Imports of goods and services to Australia shrank 2 percent from the prior month to a three-month low of AUD 29.71 billion, as domestic demand weakened following a resurgence in COVID-19 cases in some states in the country. Purchases of consumption goods fell by 3 percent to AUD 9.53 billion, due to non-industrial transport equipment, textiles, clothing and footwear, and food and beverages, mainly for consumption. Meanwhile, imports of intermediate and other merchandise goods declined 2 percent to AUD 9.30 billion, driven by processed industrial supplies n.e.s . Also, non-monetary gold plunged by 23 percent to AUD 0.45 billion. On the other hand, purchases of capital goods were little-changed to USD 6.53 billion, mainly due to a fall in both purchases of machinery and industrial transport equipment n.e.s and industrial equipment, while those of telecommunications equipment increased. At the same time, imports of services were unchanged at AUD 3.91 billion. source: Australian Bureau of Statistic
Imports in Australia averaged 12526.06 AUD Million from 1971 until 2021, reaching an all time high of 36103 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 March of 2021.
Imports in Australia is expected to be 34500.00 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.