Australia Balance of Trade

Australia recorded a trade surplus of 1200 AUD Million in February of 2014. Balance of Trade in Australia is reported by the Australian Bureau of Statistic. Balance of Trade in Australia averaged -484.43 AUD Million from 1971 until 2014, reaching an all time high of 2205 AUD Million in February of 2009 and a record low of -3872 AUD Million in February of 2008. In 2010 and 2011 Australia reported consistent trade surpluses due to high price of commodities. However in 2012, the trade balance is back in deficit due to sharp in value of exports and rising capital imports. Metals, coal and oil and natural gas account for 54 percent of total exports. Australia is a major importer of machinery and transport equipment, computers and office machines and telecommunication lasers. Australia’s main trading partners are: China (27 percent of total exports and 15 percent of total imports), Japan (17 percent of exports and 8 percent of imports), the United States (5 percent of exports and 13 percent of imports), South Korea, Singapore, the United Kingdom and New Zealand. This page provides - Australia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1200.00 1392.00 2205.00 -3872.00 904.40 | 2014/03 1971 - 2014 AUD Million Monthly

TO

Australia Balance of Trade
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-07 12:30 AM Australia
Balance of Trade
Nov 2013 A$ -118M A$ -529M A$ -300M A$ -575.6M
2014-02-06 12:30 AM Australia
Balance of Trade
Dec 2013 A$468M A$83M (R) A$ -300M A$ -405.4M
2014-03-06 12:30 AM Australia
Balance of Trade
Jan 2014 A$ 1433M A$ 591M (R) A$ 270M A$ -455.1M
2014-04-03 01:30 AM Australia
Balance of Trade
Feb 2014 A$1200M A$ 1392M (R) A$ 850M A$ 797M
2014-05-06 02:30 AM Australia
Balance of Trade
Mar 2014 A$1200M A$ 904.4M
[+]

Trade Last Previous Highest Lowest Forecast Unit
Current Account -10139.00 2013-11-15 -12710.00 295.00 -20912.00 -10398.30 2014-03-31 AUD Million [+]
Exports 29970.00 2014-02-15 29850.00 29970.00 435.00 29986.85 2014-03-31 AUD Million [+]
Balance of Trade 1200.00 2014-02-15 1392.00 2205.00 -3872.00 904.40 2014-03-31 AUD Million [+]
Imports 28770.00 2014-02-15 28458.00 28770.00 396.00 28659.11 2014-03-31 AUD Million [+]
Current Account to GDP -2.90 2013-12-31 -4.10 1.40 -6.70 -2.60 2014-06-30 Percent [+]
Capital Flows 11480.00 2013-11-15 14658.00 20304.00 -375.00 11510.45 2014-03-31 AUD Million [+]
Crude Oil Production 282.00 2013-10-15 353.00 781.00 282.00 Thousands Barrels per Day [+]
External Debt 1513019.00 2013-12-31 1436545.00 1513019.00 147248.00 1520982.81 2014-03-31 AUD Million [+]
Foreign Direct Investment 55972.00 2012-06-29 58011.00 58011.00 -36248.00 55873.24 2012-12-31 AUD Million [+]
Terms Of Trade 88.10 2013-11-15 87.50 106.50 44.70 86.95 2014-03-31 Index Points [+]
Tourist Arrivals 627100.00 2014-02-15 548100.00 785000.00 30100.00 614733.08 2014-03-31 [+]
[+]


Australia Reports Third Monthly Trade Surplus in February

Australia's trade surplus narrowed in February when compared to a downwardly revised result in the previous month, but performed better than analysts had expected.

In seasonally adjusted terms, the balance on goods and services was a surplus of $1,200m in February 2014, a decrease of $192m (14%) on the surplus in January 2014.

Exports rose slightly by $120m to $29,970m. Non-rural goods rose $420m (2%). Net exports of goods under merchanting remained steady at $15m. Rural goods fell $157m (4%) and non-monetary gold fell $133m (10%). Services credits fell $10m.

Imports rose $312m (1%) to $28,770m. Capital goods rose $791m (15%) and non-monetary gold rose $109m (43%). Intermediate and other merchandise goods fell $531m (5%) and consumption goods fell $58m (1%). Services debits rose $3m.

ABS | anna@tradingeconomics.com
4/3/2014 4:16:32 AM

RECENT RELEASES

Australia's Trade Surplus Hits 29-Month High in January
Australia's trade surplus surged to $1,433m in seasonally adjusted terms in the first month of 2014, the highest value since August of 2011 as exports grew faster than imports. Published on 2014-03-06

Australia Reports Trade Surplus in December
Australia posted an unexpected trade surplus of $468m in December 2013, an increase of $385m (464%) on the surplus in November 2013. Exports rose 4% supported by the weakened Aussie dollar, while imports grew 2%. Published on 2014-02-06


Balance of Trade | Notes
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.


RELATED NEWS

Australia's Jobless Rate Down to 5.8% in March  
Australia's seasonally adjusted unemployment rate decreased by 0.2 percentage points to 5.8 percent in March while the number of people employed increased by 18,100 to 11,553,200.
Australia Reports Third Monthly Trade Surplus in February  
Australia's trade surplus narrowed in February when compared to a downwardly revised result in the previous month, but performed better than analysts had expected.
Australia Leaves Rate Steady at 2.5%  
At its April 1st, 2014 meeting, the Reserve Bank of Australia decided to leave the cash rate unchanged at 2.5 percent, as it considers the current policy stance appropriate to support demand and growth.
Australia's Unemployment Rate Stable in February  
Australia's seasonally adjusted unemployment rate stayed at 6 percent in February as more people joined the labour force. The employment surged by 47,300, the biggest gain in 13 months and above forecasts.
Australia's Trade Surplus Hits 29-Month High in January  
Australia's trade surplus surged to $1,433m in seasonally adjusted terms in the first month of 2014, the highest value since August of 2011 as exports grew faster than imports.
Australian Economy Expands 0.8% in Q4  
Australian GDP grew faster than expected in seasonally adjusted volume terms in the last quarter of 2013. Expansion was mostly driven by exports and consumption while fixed investment declined.
Australia Leaves Monetary Policy Unchanged  
At its March 4th, the Reserve Bank of Australia decided to leave cash rate unchanged at 2.5 percent for the sixth straight meeting, after sending a strong signal last month it wanted a period of interest rate stability.
Australia's Unemployment Rate Up to 6% in January  
Australia's seasonally adjusted unemployment rate increased by 0.2 percentage points to 6.0 percent in January, the highest level since July of 2003.
Australia Reports Trade Surplus in December  
Australia posted an unexpected trade surplus of $468m in December 2013, an increase of $385m (464%) on the surplus in November 2013. Exports rose 4% supported by the weakened Aussie dollar, while imports grew 2%.
Reserve Bank of Australia Leaves Rate on Hold  
At its February 4th, 2014 meeting, Reserve Bank of Australia decided to leave the cash rate unchanged at 2.5 percent, as widely expected, as present monetary policy is considered appropriate to foster growth in demand and keep inflation within the 2-3 percent target.
MORE RELATED NEWS

LATEST NEWS

China’s Economy Expands 1.4% QoQ in Q1  
In the first three months of 2014, the Chinese GDP slowed for the third straight quarter. The economy expanded 1.4 percent quarter-on-quarter, down from a revised 1.7 percent increase in the last three months of 2013.
Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
Italian Trade Surplus Widens in February  
The trade surplus increased to EUR 2.6 billion in February of 2014, from a revised EUR 0.36 billion in the previous month, as exports increased at a faster pace than imports. Compared with a year earlier, the trade surplus more than doubled from EUR 1.05 billion.
Euro Area Inflation Rate Confirmed at 0.5% in March  
Euro area annual inflation was 0.5 percent in March of 2014, matching initial estimates and slowing from 0.7 percent in February. On a monthly basis, prices increased 0.9 percent, up from 0.3 percent in the previous month.
UK Unemployment Rate Down to 5-Year Low  
In the three months to February of 2014, UK jobless rate fell to 6.9 percent, down from 7.2 percent in the previous period. Pay growth rose 1.7 percent and caught up with inflation for the first time in nearly four years.
Chinese GDP Growth Slows in Q1  
China’s economy advanced 7.4 percent in the first quarter of 2014, slowing from a 7.7 percent expansion in the previous period, but beating market forecasts. It is the lowest growth since the third quarter of 2012, as exports and imports contracted and growth in fixed asset investment eased.
New Zealand Inflation Rate Slows in Q1  
The CPI increased 1.5 percent in the year to the March 2014 quarter, following a 1.6 percent increase in the year to the December 2013 quarter. About half of the annual increase came from housing and household utility prices, which increased 3.3 percent.
US Inflation Rate Up to 1.5% in March  
US annual consumer prices accelerated to 1.5 percent in March, boosted by higher shelter and food cost. On a monthly basis, the inflation rate edged up to 0.2 percent, following a 0.1 percent increase in February.
India Consumer Inflation Edges Up in March  
Indian annual consumer prices accelerated in March for the first time in four months to 8.31 percent, up from a revised 8.03 percent in February, driven by higher food prices.
Nigerian Inflation Rate Edges Up Slightly in March  
The annual consumer prices in Nigeria accelerated to 7.8 percent in March of 2014, from 7.7 percent recorded in February, as food cost edged up. Compared with the same period a year earlier, the inflation rate slowed down from 8.6 in March of 2013.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News






Markets

GDP

Labour

Prices

Money

Trade

Government

Business

Consumer

Taxes

Housing