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

Australia recorded a trade deficit of 2261 AUD Million in September of 2014. Balance of Trade in Australia averaged -493.89 AUD Million from 1971 until 2014, reaching an all time high of 2227 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
-2261.00 -1013.00 2227.00 -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 Thursday, November 27, 2014.


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.

In seasonally adjusted terms, exports of goods and services rose AUD 269 million to AUD 26,457 million in September over August. Sales of rural goods increased AUD 74 million to AUD 3290 million. The main component contributing to the rise were meat and meat preparation (+5 percent) and wool and sheepskins (+7 percent). Exports of non-rural goods fell AUD 443 million to AUD 16639 million. The main component contributing to the fall were metal ores and minerals and coal, coke and briquettes (-6 percent respectively). Partly offsetting these fals were other mineral fuels (+5 percent) and metal, excluding non-monetary gold (+8 percent). Shipments of non-monetary gold rose AUD 585 million (60 percent) to AUD 1555 million. Exports of services increased AUD 1 million to AUD 4962 million. The main component contributing to the rise were travel and other services (+1 percent respectively). Net exports of goods under merchanting rose AUD 2 million (25 percent) and those of non-rural goods fell AUD 443 million (3 percent).

Imports of goods and services increased AUD 1517 million to AUD 28718 million in September from AUD 27159 million in a month earlier. Purchases  for intermediate and other merchandise goods rose AUD 974 million (11 percent) with fuels and lubricant became the main components contributing to the rise (up AUD 904 million or +31 percent). Imports of consumption goods rose AUD 186 million (3 percent) with non-industrial transport equpment was the main component contributing to the rise (up AUD 117 million or +7 percent). Purchase of capital goods  rose AUD 178 million (3 percent) to AUD 5378 million. The main component contributing to the rise were machinery and industrial equipment (up AUD 238 million or +15 percent) and ADP equipment (up AUD 90 million or +13 percent). Partly offsetting these rises was civil airctaft and confidentialised items, which down AUD 134 million or -15 percent. Imports of non-monetary gold rose AUD 135 million (59 percent). Purchases of services increased AUD 43 million (1 percent) to AUD 5849 million with the main components contributing to the rise were travel (up AUD 24 million or +1 percent) and transport ( up AUD 23 million or +2 percent).

ABS l Rida l rida@tradingeconomics.com
11/4/2014 10:40:04 AM


Recent Releases

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

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. Published on 2014-09-04


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-04 02:30 AM
Balance of Trade  Jul 2014
A$ -1359M A$ -1564M (R) A$-1510M A$ -1683.5M
2014-10-02 02:30 AM
Balance of Trade  Aug 2014
A$-787M A$ -1075M (R) A$ -700M A$ -1200M
2014-11-04 12:30 AM
Balance of Trade  Sep 2014
A$ -2261M A$-1013M (R) A$ -1950M A$ -986M
2014-12-04 12:30 AM
Balance of Trade  Oct 2014
A$ -2261M -938.85
2015-01-06 12:30 AM
Balance of Trade  Nov 2014
2015-02-03 12:30 AM
Balance of Trade  Dec 2014


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade -2261.00 -1013.00 2227.00 -3892.00 AUD Million [+]
Exports 26457.00 26188.00 29372.00 435.00 AUD Million [+]
Imports 28718.00 27201.00 28718.00 396.00 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 1576455.00 1576455.00 1576455.00 147248.00 AUD Million [+]
Terms of Trade 83.40 87.00 106.40 44.40 Index Points [+]
Foreign Direct Investment 52667.00 55596.00 57932.00 -37050.00 AUD Million [+]
Capital Flows 10854.00 7239.00 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 337.00 350.00 781.00 282.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2261.00 Sep/14 -1013.00 2227.00 -3892.00 AUD Million [+]
Brazil -1177.00 Oct/14 -939.00 5659.37 -4058.14 USD Million [+]
Canada 710.00 Sep/14 -463.00 8524.80 -2902.90 CAD Million [+]
China 454.05 Oct/14 309.43 498.30 -319.71 USD Hundred Million [+]
Euro Area 18486.50 Sep/14 8632.50 21553.00 -16638.00 EUR Million [+]
France -4715.00 Sep/14 -5025.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Sep/14 14100.00 23400.00 -535.91 EUR Million [+]
India -13350.00 Oct/14 -14247.42 258.90 -20210.90 USD Million [+]
Indonesia -270.30 Sep/14 -312.00 4641.92 -2329.13 USD Million [+]
Italy 2014.00 Sep/14 2056.00 6923.00 -6389.30 EUR Million [+]
Japan -709.99 Oct/14 -958.30 1608.67 -2795.04 JPY Billion [+]
Mexico 143.00 Oct/14 590.00 1710.25 -3292.30 USD Million [+]
Netherlands 3498.00 Sep/14 2848.00 4948.70 -907.60 EUR Million [+]
Russia 12953.00 Sep/14 15848.00 20356.00 -185.00 USD Million [+]
South Korea 7500.00 Oct/14 3430.00 7500.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3255.00 Oct/14 2489.00 3901.00 -1478.68 CHF million [+]
Turkey -6925.00 Sep/14 -8040.00 24.51 -10453.06 USD Million [+]
United Kingdom -2838.00 Sep/14 -1768.00 2946.00 -5269.00 GBP Million [+]
United States -43030.00 Sep/14 -39990.00 1946.00 -67823.00 USD Million [+]