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

Australia's trade surplus unexpectedly narrowed 61 percent to AUD 1.30 billion in January of 2017 from a downwardly revised AUD 3.33 billion surplus in December and missing market expectations of AUD 3.8 billion. It was the smallest surplus in three months, as exports fell 3 percent from the prior month while imports rose 4 percent. Balance of Trade in Australia averaged -563.32 AUD Million from 1971 until 2017, reaching an all time high of 3334 AUD Million in December of 2016 and a record low of -4449 AUD Million in December of 2015.

Australia Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-01-06 12:30 AM Nov A$1.24B A$-1.12B A$-0.5B A$-1.2B
2017-02-02 12:30 AM Dec A$3.51B A$2.04B A$2.2B A$0.9B
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$1.30B
2017-05-05 01:30 AM Mar
2017-06-02 01:30 AM Apr




Australia Trade Surplus Narrows To 3-Month Low


Australia's trade surplus unexpectedly narrowed 61 percent to AUD 1.30 billion in January of 2017 from a downwardly revised AUD 3.33 billion surplus in December and missing market expectations of AUD 3.8 billion. It was the smallest surplus in three months, as exports fell 3 percent from the prior month while imports rose 4 percent.

Between December 2016 and January 2017, goods and services credits fell AUD 0.95 billion (-3 percent) to AUD 31.8 billion. It is the first decline in seven months as non-monetary gold fell AUD 0.67 billion (-39 percent) and non-rural goods dropped AUD 0.40 billion (-2 percent). In contrast, rural goods rose AUD 57 million (1 percent) and net exports of goods under merchanting went up AUD 1 million (17 percent). Services credits rose AUD 72 million (1 percent).

Goods and services imports rose AUD 1.09 billion (4 percent) to AUD 30.49 billion. It is the biggest gain since September of 2015, due to rises in purchases of consumption goods (AUD 0.54 billion or 7 percent); intermediate and other merchandise goods (AUD 0.343 billion or 4 percent); capital goods (AUD 0.18 billion  or 3 percent) and non-monetary gold (AUD 22 million or 5 percent). Services debits increased AUD 3 million.

ABS | Rida Husna | rida@tradingeconomics.com
3/2/2017 12:20:08 PM



Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 1302.00 3334.00 3334.00 -4449.00 AUD Million [+]
Exports 31796.00 32741.00 32741.00 435.00 AUD Million [+]
Imports 30494.00 29406.00 30494.00 396.00 AUD Million [+]
Current Account -3853.00 -10201.00 295.00 -23105.00 AUD Million [+]
Current Account to GDP -4.60 -3.00 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 29636.00 57525.00 57932.00 -37050.00 AUD Million [+]
Capital Flows 3218.00 15721.00 24165.00 -375.00 AUD Million [+]
Tourist Arrivals 725800.00 971800.00 971800.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 292.00 297.00 781.00 247.00 BBL/D/1K [+]
Terrorism Index 2.74 3.11 3.11 0.01 [+]
Weapons Sales 113.00 91.00 158.00 2.00 USD Million [+]



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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1302.00 3334.00 3334.00 -4449.00 1971 - 2017 AUD Million Monthly
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