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

Australia recorded a trade deficit of 1683 AUD Million in June 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.

   
 
 
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Australia Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-1683.00 -2043.00 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 Friday, August 29, 2014.


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.

In seasonally adjusted term, exports of goods and services rose AUD 125 million to AUD 26,620 million from AUD 26,495 a month ago. In June, sales of rural goods increased AUD 135 million to AUD 3,332 million due to rise of shipments of other rural (up 9 percent to AUD 130 million). Exports of non-rural goods fell AUD 116 million to AUD 17,248 million with metal ores and minerals (down 7 percent) and transport equipment (down 14 percent) declining the most. Partly offseting the fall were sales of other mineral fuels (up 14 percent) and metal excluding non-monetary gold (up 26 percent). Shipments of non-monetary gold rose AUD 68 million and net exports of goods under merchanting rose by 100 percent to AUD 1 million .
 
Imports of goods and services fell AUD 235 million to AUD 28,302 million from AUD 28,537 million in a month earlier. Purchasing of consumption goods fell AUD 85 million to AUD 6,890 million; mostly contributing to the decline were food and beverages, consumption goods  and non-industrial transport equipment (down by  2 percent). Inbound shipments of capital goods fell AUD 174 million due to, among other, a fall in civil aircraft and confidentialised items (down 14 percent) and telecommunication equipment (down 9 percent). Imports of non-monetary gold decreased AUD 14 million to AUD 332 million. Intermediate and other merchandise goods rose AUD 10 million and imports of services  increased AUD 29 million.
 

ABS l Rida l rida@tradingeconomics.com
8/5/2014 9:33:09 AM


Recent Releases

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

Australia Reports Trade Deficit in April
Australia reported trade deficit AUD 122 million in April 2014, compared with a revised AUD 902 million surplus in March, mainly due to fall in agriculture and mining exports. It was the first deficit in the last five months and far lower than analysts’ expectations. Published on 2014-06-05


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-06 02:30 AM Australia
Balance of Trade
Mar 2014 A$ 731M A$1257M (R) A$1200M A$ 888.4M
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$-1683M A$ -1683.5M


Trade Last Previous Highest Lowest Unit
Balance of Trade -1683.00 -2043.00 2225.00 -3907.00 AUD Million [+]
Exports 26620.00 26495.00 29581.00 435.00 AUD Million [+]
Imports 28302.00 28537.00 28852.00 396.00 AUD Million [+]
Current Account -5672.00 -11706.00 295.00 -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 4829.00 13646.00 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 319.00 338.00 781.00 282.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1683.00 Jun/14 -2043.00 2225.00 -3907.00 AUD Million [+]
Brazil 1573.96 Jul/14 2364.45 5659.37 -4058.14 USD Million [+]
Canada 1859.60 Jun/14 576.00 8524.80 -2902.90 CAD Million [+]
China 473.01 Jul/14 315.65 473.00 -319.71 USD Hundred Million [+]
Euro Area 16808.50 Jun/14 15400.00 21780.80 -16638.00 EUR Million [+]
France -5380.00 Jun/14 -5129.00 2674.00 -7004.00 EUR Million [+]
Germany 16405.95 Jun/14 18172.20 21410.60 -535.91 EUR Million [+]
India -12228.60 Jul/14 -11763.20 258.90 -20210.90 USD Million [+]
Indonesia -305.10 Jun/14 69.90 4641.92 -2329.13 USD Million [+]
Italy 3675.63 May/14 3517.00 6382.91 -6389.31 EUR Million [+]
Japan -963.99 Jul/14 -823.20 1608.67 -2795.04 JPY Billion [+]
Mexico -979.88 Jul/14 423.73 1710.25 -3292.30 USD Million [+]
Netherlands 4773.00 Jun/14 3337.10 4948.70 -907.60 EUR Million [+]
Russia 13957.00 Jun/14 18280.00 20356.00 -185.00 USD Million [+]
South Korea 2398.95 Jul/14 5453.83 6794.27 -4043.45 USD Million [+]
Spain -1477012.00 Jun/14 -1756166.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3983.49 Jul/14 1412.00 3983.49 -1478.68 CHF million [+]
Turkey -7853.06 Jun/14 -7146.21 24.51 -10453.06 USD Million [+]
United Kingdom -2459.00 Jun/14 -2364.00 2946.00 -5269.00 GBP Million [+]
United States -41538.00 Jun/14 -44392.00 1946.00 -67823.00 USD Million [+]





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