Australia Balance of Trade  1971-2017 | Data | Chart | Calendar | Forecast

Australia's trade surplus narrowed 15 percent to AUD 3.11 billion in March of 2017 from an upwardly revised AUD 3.66 billion in February. The figure came in below market expectations of AUD 3.40 billion as exports rose less than imports. Compared to the prior month, sales of goods and services increased by 2 percent to AUD 33.34 billion while purchases of goods and services jumped 5 percent to AUD 30.23 billion. Considering January to March 2017, trade surplus was recorded at AUD 8.98 billion, an increase of 49 percent compared to the same period a year earlier. Balance of Trade in Australia averaged -543.13 AUD Million from 1971 until 2017, reaching an all time high of 4538 AUD Million in December of 2016 and a record low of -4150 AUD Million in April of 2015.

Australia Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-02 12:30 AM Jan A$1.30B A$3.33B A$3.8B A$3.6B
2017-04-04 01:30 AM Feb A$3.57B A$1.50B A$1.8B A$1.5B
2017-05-04 01:30 AM Mar A$3.11B A$3.66B A$3.4B A$2.9B
2017-06-08 01:30 AM Apr A$3.11B
2017-07-05 01:30 AM May
2017-08-02 01:30 AM Jun




Australia Trade Surplus Narrows More Than Estimated


Australia's trade surplus narrowed 15 percent to AUD 3.11 billion in March of 2017 from an upwardly revised AUD 3.66 billion in February. The figure came in below market expectations of AUD 3.40 billion as exports rose less than imports.

Compared to the prior month, sales of goods and services increased by 2 percent to AUD 33.34 billion.

Rural goods rose 7 percent to AUD 4.14 billion, mainly due to a 10 percent increase of sugar, sugar preparations and honey and a 23 percent rise of wool and sheepskins.

Exports of non-rural goods (bulk commodities and non-bulk commodities) were little changed at AUD 21.0 billion, due to a 4 percent rise in metal ores and minerals and a 9 percent of other manufactures. Partly offsetting these rises were coal, coke and briquettes (-6 percent) and other non-rural, including sugar and beverages (-16 percent).

Non-monetary gold (gold which is not owned by monetary authorities and can be in the form of bullion, including coins, ingots or bar with a purity at least 995 parts per thousand) jumped 32 percent to AUD 1.85 billion.

Exports of services went up AUD 45 million ( 1 percent) to AUD 6.25 billion. The main component contributing to the rise was travel (1 percent).  

Imports of goods and services in March jumped 5 percent to AUD 30.23 billion. Consumption goods rose the most by 10 percent to AUD 8.46 billion, followed by intermediate and other merchandise goods (8 percent, driven by a 22 percent rise in fuel and lubricants and a 15 percent rise in parts for transport equipments). Also, non-monetary gold rose 14 percent. In contrast, capital goods fell 4 percent, due to civil aircraft and confidentialised items (-43 percent) and telecommunications equipment (-7 percent).

Purchases of non-monetary gold rose AUD 68 million (14 percent) to AUD 568 million.

Imports of services rose AUD 6 million to AUD 6.2 billion. The main components contributing to the rise in seasonally adjusted estimates were: other services (1 percent) and transport (1 percent). Partly offsetting these rises was travel (-1 percent). 

Considering January to March 2017, trade surplus was recorded at AUD 8.98 billion, an increase of 49 percent compared to the same period a year earlier.

Rida | rida@tradingeconomics.com
5/4/2017 10:12:56 AM



Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 3107.00 3657.00 4538.00 -4150.00 AUD Million [+]
Exports 33343.00 32567.00 33859.00 435.00 AUD Million [+]
Imports 30235.00 28910.00 30357.00 396.00 AUD Million [+]
Current Account -3853.00 -10201.00 295.00 -23105.00 AUD Million [+]
Current Account to GDP -2.70 -4.70 1.40 -6.70 percent [+]
External Debt 1926696.00 1916975.00 1941405.00 147312.00 AUD Million [+]
Terms of Trade 102.90 93.90 136.60 49.30 Index Points [+]
Foreign Direct Investment 64825.00 29636.00 64825.00 -37050.00 AUD Million [+]
Capital Flows 3218.00 15721.00 24165.00 -375.00 AUD Million [+]
Tourist Arrivals 768500.00 780100.00 971800.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 268.00 290.00 781.00 247.00 BBL/D/1K [+]
Terrorism Index 2.74 3.11 3.11 0.01 [+]
Weapons Sales 127.00 83.00 158.00 2.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Australia Balance of Trade Notes

In 2010 and 2011, Australia reported consistent trade surpluses due to high prices of commodities. However, from 2012 trade balance shifted back to deficit (with exception of first three months of 2014) mostly due to a sharp drop in value of commodity exports and increase in value of imports due to AUD depreciation. In 2015, the biggest trade surpluses were recorded with China, Hong Kong and Japan and New Zealand. The biggest trade deficits were recorded with the United States, Singapore, South Korea, Malaysia and Thailand. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3107.00 3657.00 4538.00 -4150.00 1971 - 2017 AUD Million Monthly
SA



balance of trade by Country

Last
Australia 3107.00 Mar/17
Brazil 6969.00 Apr/17
Canada -134.70 Mar/17
China 380.48 Apr/17
Euro Area 30899.90 Mar/17
France -5353.00 Mar/17
Germany 25385.00 Mar/17
India -13249.19 Apr/17
Indonesia 1238.30 Apr/17
Italy 5418.04 Mar/17
Japan 481.75 Apr/17
Mexico -183.00 Mar/17
Netherlands 6719.00 Mar/17
Russia 12598.00 Mar/17
South Korea 13254.00 Apr/17
Spain -2606000.00 Feb/17
Switzerland 1968.00 Apr/17
Turkey -4492.00 Mar/17
United Kingdom -4900.00 Mar/17
United States -43706.00 Mar/17