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

Australia recorded a trade deficit of 787 AUD Million in August 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.

   
 
 

Australia Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-787.00 -1075.00 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 Saturday, October 25, 2014.


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.

In seasonally adjusted terms, exports of goods and services decreased AUD 413 million to AUD 26,372 million in August over July. Sales of rural goods fell AUD 142 million to AUD 3231 million. The main component contributing to the fall were other rural, (down 6 percent) and cereal grains and cereal preparations, down 12 percent. Partly offsetting those falls was wool and sheepskins, which went up 10 percent. Exports of non-rural goods fell AUD 17 million to AUD 17303 million. The main component contributing to the fall was other mineral fuels, which down 9 percent. Partly offsetting the fall were: coal, coke and briquette, which up 4 percent, and other non-rural, up 9 percent. Shipments of non-monetary gold fell AUD 252 million (21 percent) to AUD 970 million. Exports of services declined AUD 1 million to AUD 4860. The main component contributing to the fall was travel, which down AUD 12 million. Partly offsetting this fall was other services, which up AUD 8 million to AUD 3132 million. Net exports of goods under merchanting remained steady at AUD 8 million.

Imports of goods and services fell to AUD 27159 million in August from AUD 28381 million in a month earlier. Purchases of intermediate and other merchandise goods fell AUD 878 million (9 percent) and non-monetary gold fell AUD 25 million (10 percent). Inbound shipments of capital goods fell AUD 65 million (1 percent) to AUD 6778. The main component contributing to the fall was textiles, clothing and footwear, which down AUD 66 million (6 percent). Imports of capital goods rose AUD 294 million (6 percent) to AUD 5238 million. The main components contributing to the rise were civil aircraft and confidentialised items, which up AUD 251 million (40 percent) and capital goods, up AUD 71 million (10 percent). Partly offsetting these rises was machinery and industrial equipment, which down AUD 123 million (7 percent). Imports of intermediate and other merchandise goods fell AUD 878 million (9 percent) to AUD 9175 million. The main components contributing to the fall were fuels and lubricants, which down AUD 744 million (20 percent) and parts for transport equipment, down AUD 182 million (19 percent. Imports of non-monetary gold decreased AUD 25 million (10 percent) to AUD 230 million.

ABS l Rida l rida@tradingeconomics.com
10/2/2014 9:58:24 AM


Recent Releases

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

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. Published on 2014-08-05


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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$ -1359M A$ -1564M (R) A$-1510M A$ -1683.5M
2014-10-02 02:30 AM Australia
Balance of Trade
Aug 2014 A$-787M A$ -1075M (R) A$ -700M A$ -1200M
2014-11-04 12:30 AM Australia
Balance of Trade
Sep 2014 A$-787M A$ -986M


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade -787.00 -1075.00 2225.00 -3907.00 AUD Million [+]
Exports 26372.00 26785.00 29581.00 435.00 AUD Million [+]
Imports 27159.00 27860.00 28852.00 396.00 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 1513542.00 1576455.00 147248.00 AUD Million [+]
Terms of Trade 83.40 87.00 106.50 44.70 Index Points [+]
Foreign Direct Investment 52667.00 55596.00 58011.00 -36248.00 AUD Million [+]
Capital Flows 10854.00 7239.00 20304.00 -375.00 AUD Million [+]
Tourist Arrivals 586900.00 452400.00 785000.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 350.00 309.00 781.00 282.00 BBL/D/1K [+]