Imports of goods and services to Australia gained 0.7% mom to a fresh high of AUD 43.86 billion in June of 2022, amid robust domestic demand as the economy fully emerged from COVID-19 disruptions. Arrivals of intermediate and other merchandise goods rose 2.4% to AUD 16.80 billion, led by fuel and lubricants (2.5%) and other parts for capital goods (5.1%). Also, imports of services increased 5.1% to AUD 8.03 billion, driven mainly by other services (0.7%). In contrast, purchases of consumption goods fell 3.9% to AUD 10.56 billion, primarily linked to non-industrial transport equipment (-11.5%) and textile, clothing, and footwear (-2%); while those of capital goods dropped 2.1% to AUD 7.74 billion, due to civil aircraft and confidentialised items (-45.2%) and machinery and industrial equipment (-2.8%). source: Australian Bureau of Statistic
Imports in Australia averaged 13187.05 AUD Million from 1971 until 2022, reaching an all time high of 43857 AUD Million in June of 2022 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 2022.
Imports in Australia is expected to be 35000.00 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 2023, according to our econometric models.