Australia Balance of Trade

Last Release

May 31, 2024

Actual

5,773

Units In

AUD Million

6,548

Frequency

Monthly

Next Release

Aug 02, 2024

Time to Release

27 Days 17 Hours

Highest	Lowest	Average	Date Range	Source
17,670 Jun 2022	-4,033 Dec 2015	450.78 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 narrowed to AUD 5.77 billion in May 2024 from a downwardly revised AUD 6.03 billion in the previous month, below market expectations of AUD 6.68 billion, as exports grew less than imports. Purchases advanced 3.9% from a month earlier to AUD 38.21 billion, with all sectors rising, mainly driven by fuels and lubricants. Meanwhile, shipments rose 2.8% to AUD 43.98 billion, boosted by metal ores and minerals. On the original basis, outbound shipments to the country's largest trading partner, China, surged by 15.8%, rebounding sharply from a 6.3 drop in April.