Australia Balance of Trade 1971-2014 | Data | Chart | Calendar | Forecast

Australia recorded a trade deficit of 1359 AUD Million in July of 2014. Balance of Trade in Australia averaged -500.86 AUD Million from 1971 until 2014, reaching an all time high of 2225 AUD Million in February of 2009 and a record low of -3907 AUD Million in February of 2008. Balance of Trade in Australia is reported by the Australian Bureau of Statistic.

   
 
 

Australia Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-1359.00 -1564.00 2225.00 -3907.00 1971 - 2014 AUD Million Monthly
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. Content for - Australia Balance of Trade - was last refreshed on Tuesday, September 23, 2014.


Australia Trade Deficit Narrows Further in July


Australian trade gap narrowed to AUD 1359 million in July of 2014 from a revised AUD 1564 million deficit in June, the fourth consecutive monthly trade deficit since April 2014, as exports grew while imports were almost unchanged.

In July, sales of rural goods increased AUD 75 million to AUD 3428 million. The main component contributing to the rise was meat and meat preparations, which went up 8 percent. Exports of non-rural goods rose AUD 44 million to AUD 17380 million. Metal ores and minerals became the largest contributor with a 4 percent increase. Partly offseting the rise were sales of metal (down 8 percent), other mineral fuels (down 3 percent) and other non-rural -- including sugar and beverages, down 6 percent.

Exports of non-monetary gold rose AUD 150 million (14 percent) to AUD 1223 million. Net exports of goods under merchanting increased AUD 1 million (100%) to AUD 2 million.

Imports of goods and services rose AUD 74 million to AUD 28381 million from AUD 28307 million in a month earlier. Purchasing of consumption goods rose AUD 19 million to AUD 6908 million; mostly contributing to the increase were consumption goods and household electrical items.

Inbound shipments of capital goods fell AUD 2 million mainly due to a fall in purchases of capital goods (down AUD 105 million or 13 percent) and ADP equipment (down AUD 52 million or 8 percent). Partly offsetting these falls was civil aircraft and confidentialised items (up AUD 156 million or 33 percent).

Imports of intermediate and other merchandise goods rose AUD 89 million (1 percent) to AUD 10.110 million, while imports of industrial supplies went down slightly by 3 percent or AUD 84 million.Imports of non-monetary gold decreased AUD 77 million (23%) to AUD 255 million.

The trade gap in July of 2014 also narrowed compared to a year earlier, which stood at AUD 1575 million.

ABS l Rida l rida@tradingeconomics.com
9/4/2014 10:55:21 AM


Recent Releases

Australia Trade Deficit Narrows in June
Australian trade gap narrowed to AUD 1683 million in June of 2014 from a revised AUD 2043 million deficit in May as exports remained flat and imports continued to fall. Published on 2014-08-05

Australia Trade Deficit More Than Doubles in May
Australian trade gap widened to AUD 1911 million in May of 2014, compared with a revised AUD 780 million in April, mainly due to a fall in agriculture and mining exports. Published on 2014-07-02


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-06-05 02:30 AM Australia
Balance of Trade
Apr 2014 A$ -122M A$ 902M (R) A$ 300M A$ 594M
2014-07-02 02:30 AM Australia
Balance of Trade
May 2014 A$-1911M A$ -780M (R) A$ -120M A$ -36.9M
2014-08-05 02:30 AM Australia
Balance of Trade
Jun 2014 A$-1683M A$ -2043M (R) A$ -1900M A$ -1543M
2014-09-04 02:30 AM Australia
Balance of Trade
Jul 2014 A$ -1359M A$ -1564M (R) A$-1510M A$ -1683.5M
2014-10-02 02:30 AM Australia
Balance of Trade
Aug 2014 A$ -1359M A$ -1429.2M


Trade Last Previous Highest Lowest Unit
Balance of Trade -1359.00 -1564.00 2225.00 -3907.00 AUD Million [+]
Exports 27022.00 26742.00 29581.00 435.00 AUD Million [+]
Imports 28381.00 28307.00 28852.00 396.00 AUD Million [+]
Current Account -13742.00 -7804.00 295.00 -20891.00 AUD Million [+]
Current Account to GDP -2.90 -4.10 1.40 -6.70 Percent [+]
External Debt 1513542.00 1513019.00 1513542.00 147248.00 AUD Million [+]
Terms of Trade 87.10 88.20 106.50 44.70 Index Points [+]
Foreign Direct Investment 52667.00 55596.00 58011.00 -36248.00 AUD Million [+]
Capital Flows 10854.00 7239.00 20304.00 -375.00 AUD Million [+]
Tourist Arrivals 452400.00 468200.00 785000.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 309.00 319.00 781.00 282.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1359.00 Jul/14 -1564.00 2225.00 -3907.00 AUD Million [+]
Brazil 1168.00 Aug/14 1573.96 5659.37 -4058.14 USD Million [+]
Canada 2580.00 Jul/14 1830.00 8524.80 -2902.90 CAD Million [+]
China 498.30 Aug/14 473.01 498.30 -319.71 USD Hundred Million [+]
Euro Area 21200.00 Jul/14 16700.00 21780.80 -16638.00 EUR Million [+]
France -5539.00 Jul/14 -5576.00 2674.00 -7086.00 EUR Million [+]
Germany 23400.00 Jul/14 16600.00 23400.00 -535.91 EUR Million [+]
India -10838.56 Aug/14 -12228.60 258.90 -20210.90 USD Million [+]
Indonesia 130.00 Jul/14 -288.00 4641.92 -2329.13 USD Million [+]
Italy 6857.00 Jul/14 3236.30 6857.00 -6389.30 EUR Million [+]
Japan -948.50 Aug/14 -962.13 1608.67 -2795.04 JPY Billion [+]
Mexico -979.88 Jul/14 423.73 1710.25 -3292.30 USD Million [+]
Netherlands 2724.00 Jul/14 4455.40 4948.70 -907.60 EUR Million [+]
Russia 17068.00 Jul/14 13957.00 20356.00 -185.00 USD Million [+]
South Korea 3400.00 Aug/14 2398.95 6794.27 -4043.45 USD Million [+]
Spain -1826700.00 Jul/14 -1477012.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 1386.00 Aug/14 3901.00 3983.49 -1478.68 CHF million [+]
Turkey -6460.00 Jul/14 -7853.06 24.51 -10453.06 USD Million [+]
United Kingdom -3348.00 Jul/14 -2459.00 2946.00 -5269.00 GBP Million [+]
United States -40546.00 Jul/14 -40810.00 1946.00 -67823.00 USD Million [+]





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