Australia's trade surplus increased to AUD 9.31 billion in March 2022 from a marginally revised AUD 7.43 billion in the previous month and beating market forecasts of a surplus of AUD 8.5 billion, amid a decline in imports. Exports slid marginally to AUD 49.45 billion in March 2022 but still remained close to a record high hit in February. Meanwhile, imports fell by 5% mom to AUD 40.14 billion. For the first quarter of the year, the trade surplus widened to AUD 29.16 billion from AUD 25.47 billion in the same period of 2021. source: Australian Bureau of Statistics

Balance of Trade in Australia averaged 11.43 AUD Million from 1971 until 2022, reaching an all time high of 12958 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 May of 2022.

Balance of Trade in Australia is expected to be 11000.00 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.

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Australia Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-04-07 01:30 AM Feb A$7.457B A$11.786B A$12B A$10B
2022-05-05 01:30 AM Mar A$9.314B A$7.437B A$8.5B A$ 12B
2022-06-02 01:30 AM Apr A$9.314B


Related Last Previous Unit Reference
Balance of Trade 9314.00 7437.00 AUD Million Mar 2022
Current Account 12677.00 21981.00 AUD Million Dec 2021
Exports 49453.00 49525.00 AUD Million Mar 2022
Imports 40139.00 42088.00 AUD Million Mar 2022
External Debt 2224079.00 2201681.00 AUD Million Dec 2021
Terms of Trade 140.60 125.20 points Mar 2022
Foreign Direct Investment 33394.00 29274.00 AUD Million Dec 2021
Capital Flows -6470.00 -21835.00 AUD Million Dec 2021
Tourist Arrivals 161720.00 80760.00 Mar 2022

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. .
Actual Previous Highest Lowest Dates Unit Frequency
9314.00 7437.00 12793.00 -4033.00 1971 - 2022 AUD Million Monthly
SA

News Stream
Australia Trade Surplus Larger than Expected
Australia's trade surplus increased to AUD 9.31 billion in March 2022 from a marginally revised AUD 7.43 billion in the previous month and beating market forecasts of a surplus of AUD 8.5 billion, amid a decline in imports. Exports slid marginally to AUD 49.45 billion in March 2022 but still remained close to a record high hit in February. Meanwhile, imports fell by 5% mom to AUD 40.14 billion. For the first quarter of the year, the trade surplus widened to AUD 29.16 billion from AUD 25.47 billion in the same period of 2021.
2022-05-05
Australia Posts Smallest Trade Surplus in 11 Months
Australia's trade surplus declined sharply to AUD 7.46 billion in February 2022 from a downwardly revised AUD 11.79 billion in the previous month and missing market forecasts of a surplus of AUD 12 billion. This was the smallest trade surplus since March 2021, largely due to a surge in imports. Purchases jumped by 12% mom to a record high of AUD 41.31 billion, amid strong domestic demand as the economy recovered further from pandemic disruptions. Meantime, exports were almost flat at AUD 48.77 billion, on the back of sluggish foreign demand due to worrying geopolitical risks and persistent supply chain issues. Considering the first two months of the year, the trade surplus increased to AUD 19.24 billion from AUD 18.52 billion in the same period of 2021.
2022-04-07
Australia Trade Surplus Largest in 6 Months
Australia's trade surplus increased to AUD 12.89 billion in January 2022 from an upwardly revised AUD 8.82 billion in the previous month. It was the largest trade surplus since last July, as exports rose while imports fell, amid further solid global demand. Exports grew 8 percent to an all-time high of AUD 49.25 billion, while imports dropped 2 percent month-on-month to a new record high of AUD 36.36 billion.
2022-03-03