Australia Balance of Trade  1971-2017 | Data | Chart | Calendar | Forecast

Australia unexpectedly reported a trade surplus of AUD 1.24 billion in November of 2016, compared to a downwardly revised AUD 1.12 billion deficit in October and beating market expectations of a AUD 0.5 billion gap. It was the first trade surplus since March 2014, mainly driven by a surge in exports while imports were flat. The monthly change in the trade balance was recorded at AUD 2.36 billion, the largest positive turnaround since April 2010. Compared to a month earlier, sales rose 8.0 percent to AUD 30.10 billion while purchases remained unchanged at AUD 28.84 billion. Balance of Trade in Australia averaged -575.53 AUD Million from 1971 until 2016, reaching an all time high of 2236 AUD Million in February of 2009 and a record low of -4297 AUD Million in December of 2015.

Australia Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
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$-1.54B A$-1.27B A$-0.8B A$-1B
2017-01-06 12:30 AM Nov A$1.24B A$-1.12B A$-0.5B A$-1.2B
2017-02-02 12:30 AM Dec A$1.24B
2017-03-02 12:30 AM Jan
2017-04-04 01:30 AM Feb




Australia Posts First Trade Surplus in 32 Months in November


Australia unexpectedly reported a trade surplus of AUD 1.24 billion in November of 2016, compared to a downwardly revised AUD 1.12 billion deficit in October and beating market expectations of a AUD 0.5 billion gap. It was the first trade surplus since March 2014, mainly driven by a surge in exports while imports were flat.

The monthly change in the trade balance was recorded at AUD 2.36 billion, the largest positive turnaround since April 2010. 

Between October and November 2016, in seasonally adjusted terms, goods and services credits rose AUD 2.32 billion (+8 percent) to a record high of AUD 30.10 billion. Non-rural goods rose AUD 2.01 billion (+12 percent) and rural goods rose AUD 0.59 billion (+17 percent). Non-monetary gold fell AUD 0.31 billion (-18 percent). Net exports of goods under merchanting remained steady at AUD 0.005 billion. Services credits rose AUD 0.03 billion.

Goods and services debits fell AUD 0.04 billion to AUD 28.84 billion. Capital goods fell AUD 0.14 billion (-2 percent) and consumption goods fell AUD 0.03 billion. Intermediate and other merchandise goods rose AUD 0.01 billion (+1 percent) and non-monetary gold rose 0.02 billion (+4 percent). Services debits rose AUD 0.02 billion.

ABS l Rida Husna | rida@tradingeconomics.com
1/6/2017 3:11:22 AM



Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 1243.00 -1119.00 2236.00 -4297.00 AUD Million [+]
Exports 30083.00 27761.00 30083.00 435.00 AUD Million [+]
Imports 28840.00 28880.00 30341.00 396.00 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 1916975.00 1941405.00 1941405.00 147312.00 AUD Million [+]
Terms of Trade 93.90 89.90 136.60 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 694300.00 647200.00 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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1243.00 -1119.00 2236.00 -4297.00 1971 - 2016 AUD Million Monthly
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