Australia Balance of Trade  1971-2016 | Data | Chart | Calendar | Forecast

Australia reported a trade deficit of AUD 1.23 billion in September of 2016, a decrease of 35 percent from a downwardly revised AUD 1.89 billion deficit in August and below market estimates of a AUD 1.70 billion gap. It was the smallest trade gap since December 2014, as exports rose 2.0 percent to AUD 27.25 billion while imports fell 1.0 percent to AUD 28.48 billion. Balance of Trade in Australia averaged -579.82 AUD Million from 1971 until 2016, reaching an all time high of 2223.00 AUD Million in February of 2009 and a record low of -4185.00 AUD Million in December of 2015.

Australia Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-08 01:30 AM Jul A4-2.04B A$ -3.25B A$-2.8B A$-1.9B
2016-10-06 12:30 AM Aug A$-2.01B A$ -2.12B A$-2.3B A$-2.1B
2016-11-03 12:30 AM Sep A$-1.23B A$-1.89B A$-1.7B A$-2.2B
2016-12-08 12:30 AM Oct A$-1.23B A$-0.8B A$-1B
2017-01-06 12:30 AM Nov -1.6B
2017-01-07 12:30 AM Nov




Australia Trade Gap Smallest in 21 Months


Australia reported a trade deficit of AUD 1.23 billion in September of 2016, a decrease of 35 percent from a downwardly revised AUD 1.89 billion deficit in August and below market estimates of a AUD 1.70 billion gap. It was the smallest trade deficit since December 2014, as exports rose while imports fell.

Between August and September 2016, in seasonally adjusted terms, goods and services exports rose AUD 0.43 billion (+2 percent) to AUD 27.25 billion. Non-rural goods rose AUD 0.58 billion (+4 percent) and rural goods rose AUD 0.17 billion (+5 percent). Non-monetary gold fell AUD 0.35 (-19 percent). Net exports of goods under merchanting remained steady at AUD 0.047 billion. Services credits rose AUD 0.03 billion.

Goods and services debits fell AUD 0.24 billion (-1 percent) to AUD 28.48 billion. Consumption goods fell AUD 0.2 billion (-3 percent), non-monetary gold fell AUD 0.12 billion (-17 percent) and capital goods fell AUD 0.08 billion (-1 percent). Intermediate and other merchandise goods rose AUD 0.18 billion (+2 percent). Services debits rose AUD 0.003 billion.

ABS l Rida Husna | rida@tradingeconomics.com
11/3/2016 11:10:57 AM



Australia Trade Last Previous Highest Lowest Unit
Balance of Trade -1227.00 -1894.00 2223.00 -4185.00 AUD Million [+]
Exports 27254.00 26828.00 29237.00 435.00 AUD Million [+]
Imports 28481.00 28722.00 30213.00 396.00 AUD Million [+]
Current Account -11358.00 -15943.00 295.00 -23014.00 AUD Million [+]
Current Account to GDP -4.60 -3.00 1.40 -6.70 percent [+]
External Debt 1941405.00 1898459.00 1941405.00 147312.00 AUD Million [+]
Terms of Trade 80.50 78.70 118.50 49.30 Index Points [+]
Foreign Direct Investment 29636.00 57525.00 57932.00 -37050.00 AUD Million [+]
Capital Flows 15721.00 15318.00 24165.00 -375.00 AUD Million [+]
Tourist Arrivals 647200.00 632600.00 897700.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 292.00 297.00 781.00 247.00 BBL/D/1K [+]
Terrorism Index 2.74 3.11 3.11 0.01 [+]
Weapons Sales 113.00 91.00 158.00 2.00 USD Million [+]



Australia Balance of Trade Notes

In 2010 and 2011, Australia reported consistent trade surpluses due to high prices of commodities. However, from 2012 trade balance shifted back to deficit (with exception of first three months of 2014) mostly due to a sharp drop in value of commodity exports and increase in value of imports due to AUD depreciation. In 2015, the biggest trade surpluses were recorded with China, Hong Kong and Japan and New Zealand. The biggest trade deficits were recorded with the United States, Singapore, South Korea, 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. Australia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-1227.00 -1894.00 2223.00 -4185.00 1971 - 2016 AUD Million Monthly
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Netherlands 5421.00 Sep/16
New Caledonia -12812.00 Aug/16
New Zealand -846.00 Oct/16
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Niger -132100.00 Jun/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 10360.56 Oct/16
Oman 30.50 Jun/16
Pakistan -237429.00 Oct/16
Palestine -339.90 Sep/16
Panama -893332.80 Sep/16
Papua New Guinea 4636.00 Mar/16
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