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

Australia's trade surplus widened 72 percent to AUD 3.51 billion in December 2016 from an upwardly revised AUD 2.04 billion surplus in November and beating market expectations of AUD 2.20 billion. It was the largest surplus on record, as exports rose by AUD 1.68 billion, or 5 percent, to AUD 32.63 billion while imports went up at a slower AUD 0.21 billion, or 1 percent, to AUD 29.12 billion. Considering 2016 full year, the trade deficit dropped 63 percent to AUD 13.6 billion from AUD 37.0 billion in 2015. Balance of Trade in Australia averaged -557.89 AUD Million from 1971 until 2016, reaching an all time high of 3511 AUD Million in December of 2016 and a record low of -4392 AUD Million in December of 2015.

Australia Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
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$3.51B A$2.04B A$2.2B A$0.9B
2017-03-02 12:30 AM Jan A$3.51B
2017-04-04 01:30 AM Feb
2017-05-05 01:30 AM Mar




Australia Posts Largest Trade Surplus On Record


Australia's trade surplus widened 72 percent to AUD 3.51 billion in December 2016 from an upwardly revised AUD 2.04 billion surplus in November and beating market expectations of AUD 2.20 billion. It was the largest surplus on record, as exports rose by 5 percent from the previous month while imports advanced at a slower 1 percent.

Between November and December 2016, goods and services credits rose AUD 1.68 billion, or 5 percent, to AUD 32.63 billion. Exports rose for: Non-rural goods (AUD 1.25 billion, or 6 percent); non-monetary gold (AUD 0.32 billion, or 23 percent); rural goods (AUD 0.1 billion, or 3 percent); and net exports of goods under merchanting (AUD 1 million, or 20 percent). Services credits rose AUD 6 million.

Goods and services imports rose AUD 0.21 billion, or 1 percent, to AUD 29.12 billion. Imports rose for: Consumption goods (AUD 0.16 billion, or 2 percent); intermediate and other merchandise goods (AUD 0.13 billion, or 2 percent); and non-monetary gold (AUD 4 million, or 1 percent). By contrast, purchases of capital goods fell AUD 0.13 billion, or 2 percent. Services debits rose AUD 42 million, or 1 percent.

Considering 2016 full year, the trade deficit dropped 63 percent to AUD 13.6 billion from AUD 37.0 billion in 2015, as goods and services credits increased AUD 13.3 billion, or 4 percent, while goods and services debits fell AUD 10.1 billion, or 3 percent.


ABS l Rida Husna | rida@tradingeconomics.com
2/2/2017 8:44:00 AM



Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 3511.00 2040.00 3511.00 -4392.00 AUD Million [+]
Exports 32630.00 30951.00 32630.00 435.00 AUD Million [+]
Imports 29120.00 28911.00 30342.00 396.00 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 971800.00 720500.00 971800.00 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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3511.00 2040.00 3511.00 -4392.00 1971 - 2016 AUD Million Monthly
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Norway 25045.75 Jan/17
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