Imports of goods and services to Australia jumped 5.8% mom to a fresh high of AUD 42.44 billion in May of 2022, amid robust domestic demand as the economy fully emerged from COVID-19 disruptions. Arrivals of intermediate and other merchandise goods climbed 9.0% to AUD 16.62 billion, led by fuel and lubricants (22.9%) and parts for transport equipment (4.3%); and those of consumption goods soared 5.4% to AUD 11.06 billion, largely linked to non-industrial transport equipment (18.5%) and consumption goods n.e.s. (1.4%). Also, purchases of capital goods expanded 3.2% to AUD 7.88 billion, mainly due to machinery and industrial equipment (6.5%), industrial transport equipment (4.9%), and capital goods n.e.s. (8.4%).In addition, imports of services increased 4.1% to AUD 6.29 billion, mostly driven by transport (7.5%) and other services (0.7%). source: Australian Bureau of Statistic
Imports in Australia averaged 13066.60 AUD Million from 1971 until 2022, reaching an all time high of 42437 AUD Million in May of 2022 and a record low of 0 AUD Million in May of 2022. 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 July 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.