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.
||1971 - 2014
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.