Australia's trade surplus widened to AUD 10.50 billion in April 2022 from an upwardly revised AUD 9.74 billion in the previous month and beating market forecasts of a surplus of AUD 9.3 billion. It was the largest trade surplus since January, as exports rose while imports fell. Exports grew by 1% mom to a new record high of AUD 50.38 billion, while, imports dropped 0.7% mom to AUD 39.88 billion. For the first four months of the year, the trade surplus increased to AUD 40.80 billion from AUD 34.48 billion in the same period of 2021. source: Australian Bureau of Statistics
Balance of Trade in Australia averaged 29.13 AUD Million from 1971 until 2022, reaching an all time high of 12793 AUD Million in July of 2021 and a record low of -4033 AUD Million in December of 2015. This page provides the latest reported value for - Australia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Balance of Trade in Australia is expected to be 10000.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Balance of Trade is projected to trend around 5500.00 AUD Million in 2023, according to our econometric models.