Australia Balance of Trade

Australia recorded a trade deficit of 1911 AUD Million in May of 2014. Balance of Trade in Australia averaged -497.17 AUD Million from 1971 until 2014, reaching an all time high of 2216 AUD Million in February of 2009 and a record low of -3898 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
-1911.00 -780.00 2216.00 -3898.00 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.


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.

In seasonally adjusted terms, exports of goods and services fell AUD 1,300 million (5 percent) to AUD 26,681 million in May. Sales of rural goods fell AUD 62m (2 percent) to $3,204m, due to lower exports of cereal grains and cereal preparations, down $63m (8 percent). Exports of non-rural goods fell AUD 1,184m (6 percent) to $17,576m. The main components contributing to the fall were metal ores and minerals, down $760m (9 percent) and other mineral fuels, down $352m (13 percent). Shipments of non-monetary gold fell AUD 61 million (6 percent). Net exports of goods under merchanting remained steady in May at AUD 0 million while exports of services rose AUD 8 million.

Imports of goods and services fell AUD 169 million (1 percent) to AUD 28,592 million in May. Capital goods fell AUD 195 million (4 percent) and consumption goods fell AUD 34million. Non-monetary gold rose AUD 38 million (12 percent) and intermediate and other merchandise goods rose AUD 17 million. Imports of services in the month rose AUD 6 million.

ABS | Rida | rida@tradingeconomics.com
7/2/2014 11:40:04 AM


Recent Releases

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

Australia's Trade Surplus Narrows in March
Australian trade surplus narrowed to AUD 731 million in March of 2014, compared with a revised AUD 1257 million in February, mainly due to a fall in mining exports. It was the fourth straight monthly surplus but missed analysts' expectations. Published on 2014-05-06


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-03 01:30 AM Australia
Balance of Trade
Feb 2014 A$1200M A$ 1392M (R) A$ 850M A$ 797M
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$-1911M A$ -1543M


Trade Last Previous Highest Lowest Unit
Balance of Trade -1911.00 -780.00 2216.00 -3898.00 AUD Million [+]
Exports 26681.00 27981.00 29581.00 435.00 AUD Million [+]
Imports 28592.00 28761.00 28761.00 396.00 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 468200.00 526400.00 785000.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 338.00 355.00 781.00 282.00 BBL/D/1K [+]





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