Australia Balance of Trade

Last Release

Aug 31, 2024

Actual

5,644

Units In

AUD Million

6,009

Frequency

Monthly

Next Release

Nov 07, 2024

Time to Release

1 Months 2 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
17,670 Jun 2022	-4,033 Dec 2015	475.69 AUD Million	1971-2024	Australian 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 stood at AUD 5.64 billion in August 2024, virtually unchanged from a downwardly revised figure in July, but exceeded market expectations for a gain of AUD 5.5 billion. It was the largest trade surplus since April despite slight declines in both exports and imports. Shipments fell 0.2% from a month earlier to AUD 43.23 billion due to other rural, with outbound shipments declining to Malaysia (-15.1%) and South Korea (-4.3%). Purchases also dropped 0.2% to a four-month low of AUD 37.58 billion, mainly weighed by non-industrial transport equipment.