Australia Balance of Trade

Australia recorded a trade surplus of 307 Million AUD in March of 2013. Balance of Trade in Australia is reported by the Australian Bureau of Statistic. Historically, from 1971 until 2013, Australia Balance of Trade averaged -396.13 Million AUD reaching an all time high of 2717 Million AUD in June of 2010 and a record low of -3429 Million AUD in February of 2008. 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 includes a chart with historical data for Australia Balance of Trade.

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Australia Posts Trade Surplus In March
Australian Bureau of Statistics | Joana Taborda | joana.taborda@tradingeconomics.com  |  5/7/2013 3:37:08 PM


In March of 2013, Australia recorded a trade surplus of 307 million AUD, the country's first surplus in fifteen months.

In seasonally adjusted terms, the balance on goods and services was a surplus of $307m in March 2013, a turnaround of $418m on the deficit in February 2013.

Exports of goods and services rose $148m (1%) to $25,746m. Non-rural goods rose $215m (1%) and rural goods rose $27m (1%). Net exports of goods under merchanting remained steady at $19m. Non-monetary gold fell $114m (9%). Services credits rose $21m.
 
Imports of goods and services fell $270m (1%) to $25,439m. Capital goods fell $574m (11%). Intermediate and other merchandise goods rose $298m (3%), non-monetary gold rose $28m (8%) and consumption goods rose $6m. Services debits fell $27m (1%).
 
Iron ore lump rose $256m (22%), with quantities up 21%. Exports to China rose $253m (35%), with quantities up 36% and unit values down 1%.
 
Iron ore fines rose $585m (16%), with quantities up 17% and unit values down 1%. Exports to China rose $351m (12%), with quantities up 12% and exports to Japan rose $139m (41%), with quantities up 46% and unit values down 4%.
 
Hard coking coal fell $58m (5%), with quantities down 6%. Exports to Netherlands fell $30m (43%), with quantities down 39% and unit values down 6%. Exports to Turkey fell $25m (100%), with quantities down 100%.
 
Semi–soft coal rose $165m (33%), with quantities up 31% and unit values up 1%. Exports to Japan rose $69m (43%), with quantities up 36% and unit values up 6%. Exports to China rose $63m (55%), with quantities up 64% and unit values down 5%.
 
Thermal coal fell $75m (6%), with quantities down 6% and unit values down 1%. Exports to Republic of Korea fell $74m (30%), with quantities down 33% and unit values up 4%.

The sum of seasonally adjusted balances for the three months to March 2013 was a deficit of $946m, a fall of $3,861m (80%) on the deficit of $4,807m for the three months to December 2012.

 

 

ARCHIVE
Australia Trade Deficit Narrows in February In seasonally adjusted terms, the balance on goods and services was a deficit of A$ 178M in February 2013, a fall of A$ 1,037M (85 percent) on the deficit in January 2013. 2013-04-03
Australia Trade Deficit Widens in July 2012 In seasonally adjusted terms, Australia's balance on goods and services was a deficit of $556m in July 2012, a rise of $329m (145%) on the deficit in June 2012. 2012-09-10
Australia Trade Deficit Widens in January In seasonally adjusted terms, the balance on goods and services was a deficit of $1,057m in January 2013, a rise of $369m (54%) on the deficit in December 2012. 2013-03-07
Australian Trade Deficit Widens in May In seasonally adjusted terms, the balance on goods and services was a deficit of $285m in May 2012, a rise of $259m on the deficit in April 2012. 2012-07-09
Australia Trade Deficit Narrows In December In seasonally adjusted terms, the balance on goods and services was a deficit of $427m in December 2012, a fall of $2,361m (85%) on the deficit in November 2012. 2013-02-05
Australian Trade Deficit Narrows in April In seasonally adjusted terms, the balance on goods and services was a deficit of $203m in April 2012, a fall of $1,079m on the deficit in March 2012. 2012-06-09
Australia Trade Deficit Widens in November 2012 In seasonally adjusted terms, the balance on goods and services was a deficit of A$2,637m in November 2012, a rise of A$194m (8 percent) on the deficit in October 2012. 2013-01-08
Australia Reports Trade Deficit for Third Month In seasonally adjusted terms, the balance on goods and services was a deficit of $1,587m in March 2012, a rise of $833m on the deficit in February 2012. 2012-05-08
Australia Trade Deficit Widens in October 2012 In seasonally adjusted terms, the balance on goods and services was a deficit of $2,088m in October 2012, a rise of $668m (47 percent) on the deficit in September 2012. 2012-12-07



Balance of Trade | Notes

The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.






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