Australia ImportsJuly 2023 Data - 1971-2022 Historical - August Forecast - Calendar

Imports of goods and services to Australia plunged by 4.0% mom to a three-month low of AUD 44.30 billion in June 2023. Purchases of intermediate and other merchandise goods were down 3.4% to AUD 14.54 billion, weighed by processed industrial supplies n.e.s (-3.3%), other parts for capital goods (-0.4%), and parts for transport equipment (-7.4%). Also, imports of consumption goods tumbled 12.4% to AUD 10.86 billion, squeezed by non-industrial transport equipment (-32.6%) and consumption goods n.e.s. (-6.2%). Purchases of capital goods were 1.1% lower to AUD 8.64 billion, dented by machinery and industrial equipment (-7.1%), capital goods n.e.s. (-7.4%), and telecommunication equipment (-4.7%). By contrast, imports of non-monetary gold grew 13.6% to AUD 967 million; while those of services rose by 2.4% to AUD 9.3 billion, lifted by transport (13.0%), tourism related services (10.2%), and other services (0.6%).

Imports of goods and services to Australia rose by 2.5% mom to a four-month high of AUD 45.98 billion in May 2023 amid further strength in domestic consumption as the economy fully reemerged from pandemic restrictions. Purchases of consumption goods jumped 7.7% to AUD 12.47 billion, lifted by non-industrial transport equipment (29.7%) and consumption goods n.e.s. (3.1%). Also, imports of intermediate and other merchandise goods increased by 0.5%, led by processed industrial supplies n.e.s. (3.2%) and parts for transport equipment (5.1%); and those of non-monetary gold surged 90.0% to AUD 851 million. Meantime, purchases of services were flat at AUD 8.82 billion. By contrast, purchases of capital goods fell 2.9%, weighed by civil aircraft and confidentialised items (-61.1%) and machinery and industrial equipment(-1.5%).

Imports of goods and services to Australia rose by 1.6% mom to a three-month high of AUD 45.02 billion in April 2023 amid strength in domestic consumption as the economy fully reemerged from pandemic restrictions. Purchases of consumption goods grew 0.7% to AUD 11.63 billion, lifted by food and beverages (8.5%) and consumption goods n.e.s. (0.5%). Also, imports of capital goods gained 7.2%, driven by civil aircraft and confidentialised items (103.4%), industrial transport equipment n.e.s. (14.6%), and machinery and industrial equipment(4.7%). Purchases of services increased by 3.7% to AUD 8.73 billion, lifted by transport (2.4%) and other services (0.9%). Meanwhile, imports of intermediate and other merchandise goods were flat at AUD 15.16 billion, while those of non-monetary gold fell 39.8% to AUD 447 million.