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

Australia's trade surplus widened 138 percent to AUD 3.57 billion in February of 2017 from an upwardly revised AUD 1.50 billion surplus in January and beating market expectations of AUD 1.8 billion. It was the second-largest surplus on record, as exports rose 1 percent from the prior month to AUD 32.41 billion while imports fell 5 percent to AUD 28.83 billion. Balance of Trade in Australia averaged -552.99 AUD Million from 1971 until 2017, reaching an all time high of 3701 AUD Million in December of 2016 and a record low of -4371 AUD Million in December of 2015.

Australia Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
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$1.30B A$3.33B A$3.8B A$3.6B
2017-04-04 01:30 AM Feb A$3.57B A$1.50B A$1.8B A$1.5B
2017-05-04 01:30 AM Mar A$3.57B
2017-06-02 01:30 AM Apr
2017-07-05 01:30 AM May




Australia Trade Surplus Surges In February


Australia's trade surplus widened 138 percent to AUD 3.57 billion in February of 2017 from an upwardly revised AUD 1.50 billion surplus in January and beating market expectations of AUD 1.8 billion. It was the second-largest surplus on record, as exports rose 1 percent from the prior month while imports fell 5 percent.

Between January and February 2017, goods and services credits rose AUD 0.47 billion (1 percent) to AUD 32.41 billion. Non-monetary gold went up AUD 0.35 billion (33 percent) and non-rural goods increased by AUD 0.24 billion (1 percent). In contrast, rural goods fell  AUD 0.2 billion (-5 percent). Net exports of goods under merchanting remained steady at AUD 41 million. Services credits rose AUD 76 million (1 percent).

Goods and services debits fell  AUD 1.60 billion (-5 percent) to AUD 28.83 billion. Consumption goods declined by AUD 0.86 billion (-10 percent). Also, intermediate and other merchandise goods fell AUD 0.8 billion (-9 percent). In contrast, capital goods rose AUD 77 million (1 percent) and non-monetary gold rose AUD 2 million. Services debits fell AUD 28million.

ABS l Rida Husna | rida@tradingeconomics.com
4/4/2017 2:41:42 AM



Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 3574.00 1503.00 3701.00 -4371.00 AUD Million [+]
Exports 32405.00 31936.00 33061.00 435.00 AUD Million [+]
Imports 28832.00 30433.00 30433.00 396.00 AUD Million [+]
Current Account -3853.00 -10201.00 295.00 -23105.00 AUD Million [+]
Current Account to GDP -2.70 -4.70 1.40 -6.70 percent [+]
External Debt 1926696.00 1916975.00 1941405.00 147312.00 AUD Million [+]
Terms of Trade 102.90 93.90 136.60 49.30 Index Points [+]
Foreign Direct Investment 29636.00 57525.00 57932.00 -37050.00 AUD Million [+]
Capital Flows 3218.00 15721.00 24165.00 -375.00 AUD Million [+]
Tourist Arrivals 780100.00 725800.00 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 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3574.00 1503.00 3701.00 -4371.00 1971 - 2017 AUD Million Monthly
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Nigeria 227044.30 Dec/16
North Korea -476.67 Dec/15
Norway 22719.43 Mar/17
Oman 205.90 Nov/16
Pakistan -336061.00 Mar/17
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