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

Australia recorded a trade deficit of 1323 AUD Million in October of 2014. Balance of Trade in Australia averaged -500.66 AUD Million from 1971 until 2014, reaching an all time high of 2226 AUD Million in February of 2009 and a record low of -3892 AUD Million in February of 2008. Balance of Trade in Australia is reported by the Australian Bureau of Statistic.

      Forecast    
Australia Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-1323.00 -2235.00 2226.00 -3892.00 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 Monday, December 22, 2014.


Australia's Trade Deficit Narrows in October


Australian trade gap declined to $1,323m in October 2014, a decrease of $912m (41%) on the deficit in September 2014 as exports rose and imports dropped.

Between September and October 2014, in seasonally adjusted terms, exports rose $409m (2%) to $26,904m. Non-rural goods rose $700m (4%). Non-monetary gold fell $204m (13%), rural goods fell $115m (4%) and net exports of goods under merchanting fell $7m (70%). Services credits rose $35m (1%).

In seasonally adjusted terms, imports fell $503m (2%) to $28,227m. Intermediate and other merchandise goods fell $371m (4%), consumption goods fell $95m (1%), capital goods fell $43m (1%) and non-monetary gold fell $34m (9%). Services debits rose $39m (1%).

ABS | anna@tradingeconomics.com
12/4/2014 12:41:38 AM


Recent Releases

Australia Trade Deficit Widens in September
Australian trade gap increased sharply to AUD 2261 million in September of 2014 from a revised AUD 1013 million gap a month earlier, as growth in imports far exceeded the pace of exports. The shortfall came in far above market forecasts, reaching the highest since November of 2012. Published on 2014-11-04

Australia Trade Deficit Continues to Narrow in August
Australian trade gap decreased further to AUD 787 million in August of 2014 from a revised AUD 1075 million gap a month earlier, as exports fell 2 percent while imports shrank 3 percent. Published on 2014-10-02


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-10-02 02:30 AM
Balance of Trade  Aug
A$-787M A$ -1075M (R) A$ -700M A$ -1200M
2014-11-04 12:30 AM
Balance of Trade  Sep
A$ -2261M A$-1013M (R) A$ -1950M A$ -986M
2014-12-04 12:30 AM
Balance of Trade  Oct
A$-1.323B A$ -2235M (R) A$ -1900M A$ -938.9M
2015-01-06 12:30 AM
Balance of Trade  Nov
A$-1.323B
2015-02-03 12:30 AM
Balance of Trade  Dec
2015-03-05 12:30 AM
Balance of Trade  Jan


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade -1323.00 -2235.00 2226.00 -3892.00 AUD Million [+]
Exports 26904.00 26457.00 29372.00 435.00 AUD Million [+]
Imports 28227.00 28718.00 28718.00 396.00 AUD Million [+]
Current Account -12525.00 -13948.00 295.00 -20891.00 AUD Million [+]
Current Account to GDP -2.90 -4.10 1.40 -6.70 percent [+]
External Debt 1612746.00 1577168.00 1612746.00 147312.00 AUD Million [+]
Terms of Trade 89.50 92.80 106.40 44.40 Index Points [+]
Foreign Direct Investment 52667.00 55596.00 57932.00 -37050.00 AUD Million [+]
Capital Flows 15133.00 10659.00 21907.00 -375.00 AUD Million [+]
Tourist Arrivals 517500.00 538800.00 785200.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 331.00 337.00 781.00 282.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1323.00 Oct/14 -2235.00 2226.00 -3892.00 AUD Million [+]
Brazil -2350.52 Nov/14 -1177.00 5659.37 -4058.14 USD Million [+]
Canada 100.00 Oct/14 310.00 8524.80 -2902.90 CAD Million [+]
China 544.74 Nov/14 454.05 544.74 -319.71 USD Hundred Million [+]
Euro Area 24000.00 Oct/14 18100.00 24000.00 -16638.00 EUR Million [+]
France -4608.00 Oct/14 -4715.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Oct/14 22100.00 23400.00 -535.91 EUR Million [+]
India -16860.00 Nov/14 -13350.00 258.90 -20210.90 USD Million [+]
Indonesia 20.00 Oct/14 -270.30 4641.92 -2329.13 USD Million [+]
Italy 5397.00 Oct/14 2020.00 6923.00 -6389.30 EUR Million [+]
Japan -891.85 Nov/14 -709.99 1608.67 -2795.04 JPY Billion [+]
Mexico 143.00 Oct/14 590.00 1710.25 -3292.30 USD Million [+]
Netherlands 5195.00 Oct/14 4707.00 5195.00 -907.60 EUR Million [+]
Russia 13595.00 Oct/14 12953.00 20356.00 -185.00 USD Million [+]
South Korea 5606.00 Nov/14 7380.00 7380.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.00 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -6251.72 Oct/14 -6925.00 24.51 -10453.06 USD Million [+]
United Kingdom -2024.00 Oct/14 -2822.00 2946.00 -5397.00 GBP Million [+]
United States -43400.00 Oct/14 -43600.00 1946.00 -67823.00 USD Million [+]