Australia's trade surplus increased to a fresh record high of AUD 12.11 billion in July 2021 from an upwardly revised AUD 11.1 billion in the previous month and above market consensus of a surplus of AUD 10.2 billion. Exports jumped 5 percent month-over-month to a new top of AUD 45.95 billion, amid strengthening foreign demand in the aftermath of the coronavirus disruptions and rising commodity prices; while imports rose at a softer 3 percent to AUD 33.83 billion. Considering the first seven months of the year, the trade surplus widened sharply to AUD 66.34 billion from AUD 44.34 billion in the same period of 2020. source: Australian Bureau of Statistics

Balance of Trade in Australia averaged -129.10 AUD Million from 1971 until 2021, reaching an all time high of 12117 AUD Million in July of 2021 and a record low of -4156 AUD Million in April 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 September of 2021.

Balance of Trade in Australia is expected to be 13000.00 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 2022, according to our econometric models.

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Australia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
12117.00 11114.00 12117.00 -4156.00 1971 - 2021 AUD Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-03 01:30 AM Apr A$8.028B A$5.794B A$7.9B A$6B
2021-07-01 01:30 AM May A$9.681B A$8.157B A$10B A$9.5B
2021-08-05 01:30 AM Jun A$10.496B A$9.269B A$10.45B A$10.1B
2021-09-02 01:30 AM Jul A$12.117B A$11.114B A$10.2B A$10B
2021-10-05 12:30 AM Aug A$12.117B
2021-11-05 12:30 AM Sep A$ 13B
2021-12-03 12:30 AM Oct


News Stream
Australia Trade Surplus Hits New High
Australia's trade surplus increased to a fresh record high of AUD 12.11 billion in July 2021 from an upwardly revised AUD 11.1 billion in the previous month and above market consensus of a surplus of AUD 10.2 billion. Exports jumped 5 percent month-over-month to a new top of AUD 45.95 billion, amid strengthening foreign demand in the aftermath of the coronavirus disruptions and rising commodity prices; while imports rose at a softer 3 percent to AUD 33.83 billion. Considering the first seven months of the year, the trade surplus widened sharply to AUD 66.34 billion from AUD 44.34 billion in the same period of 2020.
2021-09-02
Australia Posts New Record Trade Surplus
Australia's trade surplus increased to a fresh record high of AUD 10.50 billion in June 2021 from a downwardly revised AUD 9.68 billion in the previous month and compared with market consensus of a surplus of AUD 10.45 billion. Exports jumped 4 percent month-over-month to a near two-year high of AUD 43.34 billion, amid strengthening foreign demand in the aftermath of the coronavirus disruptions and rising commodity prices; while imports rose at a softer 1 percent to AUD 32.84 billion. Considering the first six months of the year, the trade surplus widened sharply to AUD 52.48 billion from AUD 39.17 billion in the same period of 2020.
2021-08-05
Australia Trade Surplus Hits Record Peak
Australia's trade surplus increased to a record high of AUD 9.68 billion in May 2021 from an upwardly revised AUD 8.16 billion in the previous month and compared with market consensus of a surplus of AUD 10 billion. Exports jumped 6 percent to a 20-month high of AUD 42.23 billion, while imports rose at a softer 3 percent to AUD 32.55 billion. Considering the first five months of the year, the trade surplus widened sharply to AUD 40.81 billion from AUD 31.89 billion in the same period of 2020.
2021-07-01
Australia April Trade Surplus Beats Forecasts
Australia's trade surplus widened sharply to AUD 8.03 billion in April 2021 from an upwardly revised AUD 5.79 billion in the previous month and beating market consensus of a surplus of AUD 7.9 billion. This was the largest trade surplus since January, as exports jumped 3 percent to a 13-month high of AUD 39.77 billion, while imports sank 3 percent to AUD 31.74 billion. Considering the first four months of the year, the trade surplus widened to AUD 31.13 billion from AUD 24.85 billion in the same period of 2020.
2021-06-03

Australia Balance of Trade
In 2017 and 2018 Australia recorded trade surpluses mostly due to rise in a resource exports like natural gas, metal ores and minerals, coal, coke and briquettes and rural goods such as meat and cereals. The biggest trade surpluses are recorded with China, Hong Kong and Japan and New Zealand and the biggest trade deficits with the United States, Singapore, South Korea, Malaysia and Thailand. .