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Australia Balance of Trade

Last Release
Feb 29, 2024
Actual
7,280
Units In
AUD Million
Previous
11,027
Frequency
Monthly
Next Release
May 02, 2024
Time to Release
25 Days 1 Hours
Highest
Lowest
Average
Date Range
Source
17,670
Jun 2022
-4,033
Dec 2015
425.48 AUD Million1971-2024Australian Bureau of Statistics
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. .

Latest Updates

Australia's trade surplus on goods decreased to AUD 7.28 billion in February 2024 from a downwardly revised AUD 10.06 billion in the previous month, below market forecasts of AUD 10.4 billion. It was the smallest trade surplus since last September, as exports fell while imports grew. Shipments shrank by 2.2% from a month earlier to AUD a four-month low of 45.52 billion, mainly dragged by metal ores and minerals. On the original basis, outbound shipments to the country's largest trading partner, China, shrank by 10.1% while those to Japan and Hong Kong fell by 2.1%, and 23.8%, respectively. Meanwhile, imports rose 4.8% to a five-month high of AUD 38.24 billion, mainly boosted by processed industrial supplies n.e.s.

Australia Balance of Trade History

Last 12 readings

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