Australia Balance of Trade 1971-2015 | Data | Chart | Calendar | Forecast

Australia recorded a trade deficit of 436 AUD Million in December of 2014. Balance of Trade in Australia averaged -502.04 AUD Million from 1971 until 2014, reaching an all time high of 2219 AUD Million in February of 2009 and a record low of -3897 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
-436.00 -1016.00 2219.00 -3897.00 1971 - 2014 AUD Million Monthly
In 2010 and 2011, Australia reported consistent trade surpluses due to high prices of commodities. However, from 2012 the trade balance has been back to deficit, with exception of first three months of 2014, mostly due to a sharp drop in value of commodity exports and rising capital imports. In 2014, the biggest trade surpluses were recorded with China, Hong Kong, Japan and South Korea. The biggest trade deficits were recorded with the United States, Singapore, Malaysia and Thailand. 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 Sunday, March 1, 2015.


Australia's Trade Deficit Smallest in 9 Months


Australia's trade gap was reported at $436m in December 2014, a decrease of $580m (57%) on the deficit in November 2014 as exports rose for a fourth month in a row and imports fell.

Between November and December 2014, in seasonally adjusted terms, exports rose $374m (1%) to $27,243m. Non-monetary gold rose $428m (52%) and rural goods rose $331m (10%). Non-rural goods fell $417m (2%). Net exports of goods under merchanting remained steady at $43m. Service credits rose $31m (1%).

Between November and December 2014,in seasonally adjusted terms, imports fell $206m (1%) to $27,680m. Intermediate and other merchandise goods fell $296m (3%) and capital goods fell $5m. Non-monetary gold rose $53m (22%) and consumption goods rose $17m. Service debits rose $25m.

In 2014, Australia reported a trade deficit of $9.9b in original terms, a fall of $0.4b (4%) on the deficit of $10.3b recorded in 2013 as a $7.8b (2%) increase in exports was partly offset by a $7.3b (2%) increase in imports.

ABS | anna@tradingeconomics.com
2/3/2015 1:14:41 AM


Recent Releases

Australia's Trade Gap Widens in November
Australia reported a trade deficit of $925m in November 2014, an increase of 5 percent compared to the previous month, as both exports and imports rose by 1 percent. Published on 2015-01-06

Australia's Trade Deficit Narrows in October
Australian trade gap declined to $1,323m in October 2014, a decrease of $912m (41%) on the deficit in September 2014 as exports rose and imports dropped. Published on 2014-12-04


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-04 12:30 AM
Balance of Trade  Oct
A$-1.323B A$ -2235M (R) A$ -1900M A$ -938.9M
2015-01-06 12:30 AM
Balance of Trade  Nov
A$-0.925B A$-0.877B (R) A$ -1.59B A$ -1.5B
2015-02-03 12:30 AM
Balance of Trade  Dec
A$-0.436B A$-1.016B (R) A$ -0.775B A$ -0.9B
2015-03-05 12:30 AM
Balance of Trade  Jan
A$-0.436B A$-0.95B A$ -0.6B
2015-04-02 01:30 AM
Balance of Trade  Feb
A$ -0.6B
2015-05-05 02:30 AM
Balance of Trade  Mar
A$ -0.7B


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade -436.00 -1016.00 2219.00 -3897.00 AUD Million [+]
Exports 27243.00 26869.00 29288.00 435.00 AUD Million [+]
Imports 27680.00 27886.00 28718.00 396.00 AUD Million [+]
Current Account -12525.00 -13948.00 295.00 -20882.00 AUD Million [+]
Current Account to GDP -2.90 -4.10 1.40 -6.70 percent [+]
External Debt 1612746.00 1577168.00 1612746.00 147312.00 AUD Million [+]
Terms of Trade 89.50 92.80 118.50 49.30 Index Points [+]
Foreign Direct Investment 52667.00 55596.00 57932.00 -37050.00 AUD Million [+]
Capital Flows 15133.00 10659.00 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 327.00 335.00 781.00 282.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -436.00 Dec/14 -1016.00 2219.00 -3897.00 AUD Million [+]
Brazil -3173.95 Jan/15 293.00 5659.37 -4058.14 USD Million [+]
Canada -650.00 Dec/14 -340.00 8524.80 -2902.90 CAD Million [+]
China 600.30 Jan/15 496.13 544.76 -319.71 USD Hundred Million [+]
Euro Area 24300.00 Dec/14 21200.00 24300.00 -16638.00 EUR Million [+]
France -3446.00 Dec/14 -3093.00 2674.00 -7086.00 EUR Million [+]
Germany 19000.00 Dec/14 17900.00 23400.00 -535.91 EUR Million [+]
India -8320.00 Jan/15 -9430.00 258.90 -20210.90 USD Million [+]
Indonesia 709.40 Jan/15 186.80 4641.92 -2329.13 USD Million [+]
Italy 5756.00 Dec/14 3541.23 6923.00 -6389.30 EUR Million [+]
Japan -1177.50 Jan/15 -660.70 1608.67 -2795.04 JPY Billion [+]
Mexico -3248.00 Jan/15 254.00 1710.25 -3292.30 USD Million [+]
Netherlands 4891.20 Dec/14 5110.00 5110.00 -907.60 EUR Million [+]
Russia 12927.00 Dec/14 13359.00 20356.00 -185.00 USD Million [+]
South Korea 5530.00 Jan/15 5750.00 7380.00 -4043.45 USD Million [+]
Spain -1821800.00 Dec/14 -1555245.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3432.72 Jan/15 1514.42 3901.00 -1478.68 CHF million [+]
Turkey -4305.31 Jan/15 -8505.55 24.51 -10453.06 USD Million [+]
United Kingdom -2895.00 Dec/14 -1841.00 2946.00 -5397.00 GBP Million [+]
United States -46560.00 Dec/14 -39750.00 1946.00 -67823.00 USD Million [+]