Australia Balance of Trade  1971-2016 | Data | Chart | Calendar | Forecast

Australia reported a trade gap of AUD 2.41 billion in July of 2016, a decrease of 26 percent from an upwardly revised AUD 3.25 billion deficit in June while market estimates a deficit of AUD 2.80 billion. It was the smallest trade deficit since May as exports rose 3.0 percent to AUD 26.42 billion while imports were flat at AUD 28.84 billion. Balance of Trade in Australia averaged -586.43 AUD Million from 1971 until 2016, reaching an all time high of 2228 AUD Million in February of 2009 and a record low of -4433 AUD Million in April of 2015. Balance of Trade in Australia is reported by the Australian Bureau of Statistics.

Australia Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-2410.00 -3250.00 2228.00 -4433.00 1971 - 2016 AUD Million Monthly
SA
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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-05 01:30 AM May A$-2.22B A$-1.79B A$-1.5B A$-2.1B
2016-08-02 01:30 AM Jun A$ -3.19B A$-2.42B A$-2B A$-2.2B
2016-09-08 01:30 AM Jul A4-2.41B A$ -3.25B A$-2.8B A$-1.9B
2016-10-06 12:30 AM Aug A$ -2.41B A$-2.1B
2016-11-04 12:30 AM Sep A$-2.2B
2016-12-03 12:30 AM Oct A$-2.3B

Australia Trade Deficit Narrows in July


Australia reported a trade gap of AUD 2.41 billion in July of 2016, a decrease of 26 percent from an upwardly revised AUD 3.25 billion deficit in June while market estimates a deficit of AUD 2.80 billion. It was the smallest trade deficit since May as exports rose while imports were flat.

Between June and July 2016, in seasonally adjusted terms, goods and services exports rose AUD 0.79 billion (+3 percent) to AUD 26.43 billion. Non-monetary gold rose  AUD 0.92 billion (+62 percent), rural goods rose  AUD 0.042 billion (+1 percent) and net exports of goods under merchanting rose AUD 0.006 billion (+21 percent). Non-rural goods fell  AUD 0.249 billion (-2 percent). Services credits rose  AUD 0.008 billion.

Goods and services debits fell AUD 0.122 billion to AUD 28.84 billion. Consumption goods fell AUD 0.51 billion (-6 percent). Intermediate and other merchandise goods rose AUD 0.23 billion (+3 percent), capital goods rose  AUD 0.078 billion (+2 percent) and non-monetary gold rose AUD 0.03 billion (+6 percent). Services debits rose AUD 0.05 billion (+1 percent).

ABS l Rida Husna | rida@tradingeconomics.com
9/8/2016 12:30:20 PM

Australia Trade Last Previous Highest Lowest Unit
Balance of Trade -2410.00 -3250.00 2228.00 -4433.00 AUD Million [+]
Exports 26425.00 25706.00 29258.00 435.00 AUD Million [+]
Imports 28835.00 28957.00 30246.00 396.00 AUD Million [+]
Current Account -15535.00 -14899.00 295.00 -22428.00 AUD Million [+]
Current Account to GDP -4.60 -3.00 1.40 -6.70 percent [+]
External Debt 1941405.00 1898459.00 1941405.00 147312.00 AUD Million [+]
Terms of Trade 80.50 78.70 118.50 49.30 Index Points [+]
Foreign Direct Investment 29636.00 57525.00 57932.00 -37050.00 AUD Million [+]
Capital Flows 14062.00 15595.00 25822.00 -375.00 AUD Million [+]
Tourist Arrivals 716000.00 555800.00 897700.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 330.00 335.00 781.00 258.00 BBL/D/1K [+]
Terrorism Index 3.11 0.22 3.11 0.01 [+]
Weapons Sales 113.00 91.00 158.00 2.00 USD Million [+]




Last
Afghanistan -7159.00 Dec/15
Albania -29464.00 Aug/16
Algeria -1308.00 Dec/15
Angola 3002.24 Dec/15
Argentina 705.00 Aug/16
Armenia -134.20 Aug/16
Aruba -423.80 Jun/16
Australia -2410.00 Jul/16
Austria 130.00 Jun/16
Azerbaijan 621706.00 Mar/16
Bahamas -459.80 Mar/16
Bahrain 1513.00 Dec/15
Bangladesh -62.34 Jun/16
Barbados -254822.00 Dec/15
Belarus 32.40 Jul/16
Belgium 2544.10 Jul/16
Belize -132.80 Jul/16
Benin -191.61 Jun/16
Bhutan -26021.60 Dec/15
Bolivia -136.20 Apr/16
Bosnia and Herzegovina -526211.72 Jul/16
Botswana -175.90 Jul/16
Brazil 4140.00 Aug/16
Brunei 417.80 Jul/16
Bulgaria -29.90 Jul/16
Burkina Faso -49.00 Sep/14
Burundi -89358.20 Jun/16
Cambodia -1748.30 May/16
Cameroon -1054.40 Dec/13
Canada -2487.90 Jul/16
Cape Verde -4499.80 Jul/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile -274.00 Aug/16
China 520.49 Aug/16
Colombia -1.16 Jul/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -560.60 Aug/16
Croatia -4059.88 Jul/16
Cuba -9578.00 Dec/15
Cyprus -304347.00 Jul/16
Czech Republic 24445.00 Jul/16
Denmark 8796.60 Jul/16
Djibouti -168260.00 Dec/15
Dominican Republic -631.90 Mar/16
East Timor -39175.91 Jun/16
Ecuador 204425.00 Jul/16
Egypt -3518.00 Jul/16
El Salvador -339.98 Jul/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -164.77 Jul/16
Ethiopia -3601.70 Mar/16
Euro Area 25276.10 Jul/16
European Union 3763.70 Jul/16
Fiji -112192.00 Apr/16
Finland -245.00 Jul/16
France -4505.00 Jul/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -493.40 Aug/16
Germany 19500.00 Jul/16
Ghana -712.40 Jun/16
Greece -1344.10 Jul/16
Guatemala -452.00 Jul/16
Guinea -308.73 Jun/16
Guinea Bissau -23.80 Dec/14
Guyana -13.70 Jun/16
Haiti -229.96 Jun/16
Honduras -403.60 Jun/16
Hong Kong -32096.00 Aug/16
Hungary 208000.00 Jul/16
Iceland -12700.00 Aug/16
India -7674.14 Aug/16
Indonesia 293.60 Aug/16
Iran 4258.00 Dec/15
Iraq 4397.00 Dec/15
Ireland 3526700.00 Jul/16
Israel -1899.30 Aug/16
Italy 7794.95 Jul/16
Ivory Coast 890.60 Dec/14
Jamaica -680800.00 Mar/16
Japan -18.71 Aug/16
Jordan -658173.00 Jun/16
Kazakhstan 1289.60 Jul/16
Kenya -79107.00 Jun/16
Kosovo -249009.00 Aug/16
Kuwait 402.00 Mar/16
Kyrgyzstan -291.40 Jun/16
Laos -594.89 Dec/15
Latvia -182.90 Jul/16
Lebanon -1258.95 Jun/16
Lesotho -3543.23 Mar/16
Liberia -99.90 May/16
Libya -17675.60 Dec/14
Liechtenstein 326579.00 Jun/16
Lithuania -178.60 Jul/16
Luxembourg -0.42 Jul/16
Macau -5944415.49 Aug/16
Macedonia -131493.00 Jul/16
Madagascar -306742.00 Jun/16
Malawi -31524.80 Sep/15
Malaysia 1907.37 Jul/16
Maldives -161.70 Jun/16
Mali -100.60 Mar/15
Malta -149432.00 Jul/16
Mauritania -79.64 Mar/16
Mauritius -8160.00 Jul/16
Mexico -1913.24 Aug/16
Moldova -148.40 Jul/16
Monaco -104.50 Jun/16
Mongolia 110.00 Aug/16
Montenegro -168082.00 Aug/16
Morocco -17306.00 Jul/16
Mozambique -1754.40 Dec/15
Myanmar -639.40 Dec/15
Namibia -6141.52 Mar/16
Nepal -77662.70 Mar/16
Netherlands 4821.00 Jul/16
New Caledonia -9890.65 Jun/16
New Zealand -1265.00 Aug/16
Nicaragua -223.90 Jun/16
Niger -286709.90 Mar/16
Nigeria -29398.00 Jun/16
North Korea -476.67 Dec/15
Norway 6763.00 Aug/16
Oman -45.20 Dec/15
Pakistan -279639.00 Aug/16
Palestine -310.20 Jul/16
Panama -918416.00 Jul/16
Papua New Guinea 3957.00 Dec/15
Paraguay -154825.00 Aug/17
Peru 484.00 Jul/16
Philippines -2053160.00 Jul/16
Poland -313.00 Jul/16
Portugal -557.44 Jul/16
Puerto Rico 2982.40 Jun/16
Qatar 8688.00 Aug/16
Republic of the Congo 4092.35 Dec/10
Romania -642.90 Jul/16
Russia 6490.00 Jul/16
Rwanda -142.60 May/16
Sao Tome and Principe -27.28 Jun/16
Saudi Arabia 16295.00 Mar/16
Senegal -159.34 Jul/16
Serbia -300.30 Jul/16
Seychelles -40.31 Jul/16
Sierra Leone -52.89 Jun/16
Singapore 5592.00 Aug/16
Slovakia 60.00 Jul/16
Slovenia 99.78 Jul/16
Somalia -1473.48 Dec/15
South Africa 5223.30 Jul/16
South Korea 5300.00 Aug/16
South Sudan -104.70 Dec/15
Spain -557800.00 Jul/16
Sri Lanka -542.00 Jul/16
Sudan -424613.00 Jun/16
Suriname 32.40 Jun/16
Swaziland 1217.38 Dec/15
Sweden -10300.00 Aug/16
Switzerland 3024.63 Aug/16
Syria 9394.50 Dec/10
Taiwan 3984.83 Aug/16
Tajikistan -142.90 Jul/16
Tanzania -207.80 Jun/16
Thailand 2130.00 Aug/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -1397.20 Aug/16
Turkey -4787.97 Jul/16
Turkmenistan 2181.97 Dec/15
Uganda -175.50 Jul/16
Ukraine -264.80 Aug/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -4502.00 Jul/16
United States -39474.00 Jul/16
Uruguay 207156.00 Jul/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -100.00 Sep/16
Yemen -2914.30 Dec/13
Zambia -473.90 Jul/16
Zimbabwe -322.86 Mar/16