Australia's trade surplus widened to a three-month high of AUD 11.32 billion in June 2023 from a downwardly revised AUD 10.49 billion in May, beating market forecasts of an AUD 11 billion gain, as exports fell less than imports. Shipments dropped by 1.7% from the previous month to AUD 55.63 billion, mainly dragged down by other mineral fuels. Meanwhile, imports shrank by 3.9% to a three-month low of AUD 44.31 billion, mainly weighed by non-industrial transport equipment. source: Australian Bureau of Statistics

Balance of Trade in Australia averaged 301.67 AUD Million from 1971 until 2023, reaching an all time high of 18199.00 AUD Million in June of 2022 and a record low of -4271.00 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 August of 2023.

Balance of Trade in Australia is expected to be 14000.00 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 13200.00 AUD Million in 2024 and 13100.00 AUD Million in 2025, according to our econometric models.

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Australia Balance of Trade



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-06 01:30 AM May A$11.791B A$10.454B A$10.5B A$11.0B
2023-08-03 01:30 AM Jun A$11.321B A$10.497B A$11B A$10.8B
2023-09-07 01:30 AM Jul A$11.321B A$10.5B


Related Last Previous Unit Reference
Balance of Trade 11321.00 10497.00 AUD Million Jun 2023
Current Account 12283.00 11702.00 AUD Million Mar 2023
Exports 55626.00 56613.00 AUD Million Jun 2023
Imports 44305.00 46116.00 AUD Million Jun 2023
External Debt 2243594.00 2212174.00 AUD Million Mar 2023
Terms of Trade 128.50 139.40 points Jun 2023
Capital Flows -5789.00 -10434.00 AUD Million Mar 2023
Foreign Direct Investment 88849.00 27821.00 AUD Million Dec 2022
Tourist Arrivals 542080.00 512330.00 Jun 2023

Australia Balance of Trade
Australia has been recording consistent trade surpluses since 2017 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 while the biggest trade deficits are with the United States, Singapore, South Korea, Malaysia, and Thailand.
Actual Previous Highest Lowest Dates Unit Frequency
11321.00 10497.00 18199.00 -4271.00 1971 - 2023 AUD Million Monthly
SA

News Stream
Australia Trade Surplus Larger than Expected
Australia's trade surplus widened to a three-month high of AUD 11.32 billion in June 2023 from a downwardly revised AUD 10.49 billion in May, beating market forecasts of an AUD 11 billion gain, as exports fell less than imports. Shipments dropped by 1.7% from the previous month to AUD 55.63 billion, mainly dragged down by other mineral fuels. Meanwhile, imports shrank by 3.9% to a three-month low of AUD 44.31 billion, mainly weighed by non-industrial transport equipment.
2023-08-03
Australia Trade Surplus Larger than Expected
Australia's trade surplus widened to AUD 11.79 billion in May 2023 from a downwardly revised AUD 10.45 billion in April, which was the smallest surplus in eight months, beating market forecasts of AUD 10.5 billion gain, as exports rose more than imports. Shipments grew by 4.4% from the previous month to AUD 57.77 billion, mainly boosted by increases in non-monetary gold. Total exports to China, the country's largest trading partner, surged 9% from a month earlier, rebounding sharply from an upwardly revised 15.9% plunge in April. Meanwhile, imports advanced by 2.5% to a four-month high of AUD 45.98 billion amid robust domestic demand.
2023-07-06
Australia Trade Surplus Falls More Than Expected
Australia's trade surplus declined to AUD 11.16 billion in April 2023 from a downwardly revised AUD 14.82 billion in March, below market forecasts of an AUD 14 billion gain. It was the smallest trade surplus since January, as exports fell while imports rose. Shipments shrank by 5% from the previous month to a nine-month low of AUD 56.18 billion, dragged down by decreases in metal ores and minerals, with total exports to China, the country's largest trade partner plunging by 15.4%. Meanwhile, imports grew by 1.6% to a three-month high of AUD 45.02 billion amid robust domestic demand.
2023-06-08