Australia Balance of Trade 1971-2015 | Data | Chart | Calendar | Forecast

Australia recorded a trade deficit of 2751 AUD Million in May of 2015. Balance of Trade in Australia averaged -519.06 AUD Million from 1971 until 2015, reaching an all time high of 2254 AUD Million in February of 2009 and a record low of -4136 AUD Million in April of 2015. Balance of Trade in Australia is reported by the Australian Bureau of Statistics.

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Australia Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-2751.00 -4136.00 2254.00 -4136.00 1971 - 2015 AUD Million Monthly
In 2010 and 2011, Australia reported consistent trade surpluses due to high prices of commodities. However, from 2012 the trade balance has been back to deficit, with exception of first three months of 2014, mostly due to a sharp drop in value of commodity exports and rising capital imports. In 2014, the biggest trade surpluses were recorded with China, Hong Kong, Japan and South Korea. The biggest trade deficits were recorded with the United States, Singapore, 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. Content for - Australia Balance of Trade - was last refreshed on Wednesday, July 29, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-05 02:30 AM Mar A$-1.32B A$-1.07B (R) A$ -1.0B A$ -0.7B
2015-06-04 02:30 AM Apr A$ -3.89B A$-1.23B (R) A$-2.3B A$ -1.7B
2015-07-02 02:30 AM May A$-2.75B A$ -4.13B (R) A$ -2.2B A$ -2.8B
2015-08-04 02:30 AM Jun A$-2.75B A$ -2.8B
2015-09-04 02:30 AM Jul A$ -2.5B
2015-10-02 02:30 AM Aug A$ -2.3B


Australia Trade Deficit Narrows in May


Australia reported a trade gap of $2.75 billion in May 2015, a decrease of 33 percent from a revised $4.14 billion deficit in April 2015, as exports grew while imports fell.

Between April and May 2015, in seasonally adjusted terms, exports of goods and services rose $206 million (+1 percent) to $25,528 million. Non-rural goods rose $313 million (+2 percent), and rural goods rose $164 million (+4 percent). Non-monetary gold fell $286m (-26 percent). Net exports of goods under merchanting remained steady at $32 million. Services credits rose $16 million.

Between April and May 2015, imports fell $1,179 million (-4 percent) to $28,279 million. Capital goods fell $1,065 million (-18 percent), intermediate and other merchandise goods fell $113 million (-1 percent) and consumption goods fell $28million. Non-monetary gold rose $89 million (+31 percent). Services debits fell $61 million (-1 percent)

ABS l Rida Husna l rida@tradingeconomics.com
7/2/2015 3:25:27 AM


Recent Releases

Australia Trade Deficit at Record High
Australia reported a trade gap of $3.89 billion in April 2015, an increase of 216 percent from a revised $1.23 billion deficit in March 2015 and touching a record high, as exports fell while imports rose.
Published on 2015-06-04

Australia Trade Deficit Narrows in March
Australia reported a trade gap of $1.32 billion in March 2015, a decrease of 18 percent from a revised $1.60 billion deficit in February 2015 as exports and imports fell at the similar pace.
Published on 2015-05-05

Australia Trade Deficit Largest in 5 Months
Australia reported a trade gap of $1.26 billion in February 2015, an increase of 25 percent on the deficit in January 2015. It is the largest shortfall since September 2014, as imports grew faster than exports.
Published on 2015-04-02

Australian Trade Deficit Widens in January
Australia reported a trade gap of $980m in January 2015, an increase of 95 percent on the deficit in December 2014 as imports grew faster than exports.
Published on 2015-03-05


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade -2751.00 -4136.00 2254.00 -4136.00 AUD Million [+]
Exports 25528.00 25659.00 29229.00 435.00 AUD Million [+]
Imports 28279.00 29547.00 29547.00 396.00 AUD Million [+]
Current Account -10741.00 -10239.00 295.00 -20882.00 AUD Million [+]
Current Account to GDP -2.90 -4.10 1.40 -6.70 percent [+]
External Debt 1759864.00 1677740.00 1759864.00 147312.00 AUD Million [+]
Terms of Trade 85.70 88.30 118.50 49.30 Index Points [+]
Foreign Direct Investment 57525.00 56183.00 57932.00 -37050.00 AUD Million [+]
Capital Flows 10852.00 11537.00 21907.00 -375.00 AUD Million [+]
Tourist Arrivals 483000.00 551400.00 806700.00 30100.00 [+]
Gold Reserves 79.84 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 328.00 314.00 781.00 282.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2751.00 May/15 -4136.00 2254.00 -4136.00 AUD Million [+]
Brazil 4527.00 Jun/15 2761.00 5659.37 -4058.14 USD Million [+]
Canada -3339.60 May/15 -2992.00 8524.80 -3853.00 CAD Million [+]
China 465.36 Jun/15 588.67 606.19 -319.71 USD Hundred Million [+]
Euro Area 18800.00 May/15 24941.50 24941.50 -16748.10 EUR Million [+]
France -4020.00 May/15 -3310.00 2674.00 -7086.00 EUR Million [+]
Germany 19600.00 May/15 21900.00 23468.80 -535.91 EUR Million [+]
India -10830.00 Jun/15 -10406.20 258.90 -20210.90 USD Million [+]
Indonesia 477.00 Jun/15 1076.60 4641.92 -2329.13 USD Million [+]
Italy 4184.00 May/15 3728.00 6923.00 -6389.30 EUR Million [+]
Japan -69.00 Jun/15 -217.18 1608.67 -2795.04 JPY Billion [+]
Mexico -749.00 Jun/15 -1017.00 1710.25 -3292.30 USD Million [+]
Netherlands 3191.00 May/15 5434.70 6211.40 -907.60 EUR Million [+]
Russia 15309.00 May/15 15037.00 20356.00 -185.00 USD Million [+]
South Korea 10243.00 Jun/15 6300.98 10243.00 -4043.45 USD Million [+]
Spain -1657308.00 May/15 -2253100.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3578.49 Jun/15 3408.61 3894.91 -1478.68 CHF million [+]
Turkey -6753.00 May/15 -4966.00 24.51 -10453.06 USD Million [+]
United Kingdom -393.00 May/15 -1834.00 2946.00 -5397.00 GBP Million [+]
United States -41871.00 May/15 -40698.00 1946.00 -67823.00 USD Million [+]