Australia Balance of Trade  1971-2016 | Data | Chart | Calendar | Forecast

Australia reported a trade gap of AUD2.22 billion in May of 2016, an increase of 24 percent from an upwardly revised AUD1.79 billion deficit in April and missing market estimates. It was the largest trade deficit since February as exports rose 1.0 percent to AUD26.17 billion while imports went up 2.0 percent to AUD28.39 billion. Balance of Trade in Australia averaged -577.63 AUD Million from 1971 until 2016, reaching an all time high of 2241 AUD Million in February of 2009 and a record low of -4358 AUD Million in April of 2015. Balance of Trade in Australia is reported by the Australian Bureau of Statistics.

Australia Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-2218.00 -1785.00 2241.00 -4358.00 1971 - 2016 AUD Million Monthly
SA
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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-05 01:30 AM Mar A$-2.16B A$-3.04B A$-2.9B A$-3.3B
2016-06-02 01:30 AM Apr A$-1.58B A$-1.97B A$-2B A$-2B
2016-07-05 01:30 AM May A$-2.22B A$-1.79B A$-1.5B A$-2.1B
2016-08-02 01:30 AM Jun A$-2.22B A$-2.2B
2016-09-08 01:30 AM Jul A$-1.9B
2016-10-06 12:30 AM Aug A$-2.1B

Australia Trade Deficit Largest in 3 Months


AUD2.22 billion in May of 2016, an increase of 24 percent from an upwardly revised AUD1.79 billion gap in April and missing market estimates. It was the largest trade deficit since February as imports rose more than exports.

Between April and May 2016, in seasonally adjusted terms, goods and services exports rose AUD188 million (+1 percent) to AUD26,170 million. Non-rural goods rose AUD420 million (+3 percent). Non-monetary gold fell AUD186 million (-10 percent) and rural goods fell AUD77 million (-2 percent). Net exports of goods under merchanting remained steady at AUD28 million. Services credits rose AUD31 million (+1 percent).

Goods and services debits rose AUD620 million (+2 percent) to AUD28,387 million. Intermediate and other merchandise goods rose AUD385 million (+5 percent), capital goods rose AUD182 million (+4 percent) and non-monetary gold rose AUD124 million (+29 percent). Consumption goods fell AU81 million (-1 percent). Services debits rose AUD10 million.

ABS l Rida Husna | rida@tradingeconomics.com
7/5/2016 4:29:33 PM

Australia Trade Last Previous Highest Lowest Unit
Balance of Trade -2218.00 -1785.00 2241.00 -4358.00 AUD Million [+]
Exports 26170.00 25982.00 29260.00 435.00 AUD Million [+]
Imports 28387.00 27767.00 30263.00 396.00 AUD Million [+]
Current Account -20794.00 -22631.00 295.00 -22631.00 AUD Million [+]
Current Account to GDP -4.60 -3.00 1.40 -6.70 percent [+]
External Debt 1898459.00 1911243.00 1911243.00 147312.00 AUD Million [+]
Terms of Trade 78.70 80.60 118.50 49.30 Index Points [+]
Foreign Direct Investment 29636.00 57525.00 57932.00 -37050.00 AUD Million [+]
Capital Flows 20549.00 20866.00 21907.00 -375.00 AUD Million [+]
Tourist Arrivals 542000.00 610800.00 897700.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 330.00 335.00 781.00 258.00 BBL/D/1K [+]
Terrorism Index 3.11 0.22 3.11 0.01 [+]
Weapons Sales 113.00 91.00 158.00 2.00 USD Million [+]




Last
Afghanistan -7159.00 Dec/15
Albania -30143.50 May/16
Algeria -1308.00 Dec/15
Angola 3002.24 Dec/15
Argentina 126.00 Jun/16
Armenia -100.70 Jun/16
Aruba -520.80 Dec/15
Australia -2218.00 May/16
Austria 239.00 Apr/16
Azerbaijan 621706.00 Mar/16
Bahamas -514.90 Dec/15
Bahrain 1513.00 Dec/15
Bangladesh -66.65 Apr/16
Barbados -254822.00 Dec/15
Belarus -235.00 May/16
Belgium 2040.60 May/16
Belize -131.30 Apr/16
Benin -164.32 Mar/16
Bhutan -26021.60 Dec/15
Bolivia -109.57 Feb/16
Bosnia and Herzegovina -539891.56 May/16
Botswana 3307.90 Apr/16
Brazil 3973.00 Jun/16
Brunei 190.90 May/16
Bulgaria -312.60 May/16
Burkina Faso -49.00 Sep/14
Burundi -76937.10 Mar/16
Cambodia -109.60 Feb/16
Cameroon -1054.40 Dec/13
Canada -3276.80 May/16
Cape Verde -4397.50 May/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile -33.00 Jun/16
China 481.08 Jun/16
Colombia -0.90 May/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -511.70 Jun/16
Croatia -4146.70 May/16
Cuba -9578.00 Dec/15
Cyprus -876144.00 May/16
Czech Republic 41538.00 May/16
Denmark 5481.90 May/16
Djibouti -119840.00 Dec/14
Dominican Republic -688.50 Dec/15
East Timor -38853.09 May/16
Ecuador 305020.00 May/16
Egypt -2866.00 May/16
El Salvador -411.97 Jun/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -149.00 Dec/12
Estonia -158.60 May/16
Ethiopia -3557.70 Dec/15
Euro Area 24559.40 May/16
European Union 6351.70 May/16
Fiji -262673.00 Dec/15
Finland -100.00 May/16
France -2840.00 May/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -1297.15 Jun/16
Germany 21033.00 May/16
Ghana -773.70 Mar/16
Greece -1508.70 May/16
Guatemala -499.04 Apr/16
Guinea -103.83 Jun/13
Guinea Bissau -23.80 Dec/14
Guyana -77.30 Sep/15
Haiti -179.27 Sep/15
Honduras -372.50 Mar/16
Hong Kong -45595.00 Jun/16
Hungary 238000.00 May/16
Iceland -12300.00 Jun/16
India -8116.20 Jun/16
Indonesia 900.20 Jun/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 3961700.00 May/16
Israel -1459.60 Jun/16
Italy 5033.00 May/16
Ivory Coast 890.60 Dec/14
Jamaica -761100.00 Dec/15
Japan 692.84 Jun/16
Jordan -762247.00 Apr/16
Kazakhstan 681.90 May/16
Kenya -66307.00 May/16
Kosovo -211003.00 May/16
Kuwait 402.00 Mar/16
Kyrgyzstan -216.90 Mar/16
Laos -488.34 Sep/15
Latvia -160.50 May/16
Lebanon -1373.07 Apr/16
Lesotho -3543.23 Mar/16
Liberia -79.80 Apr/16
Libya -17675.60 Dec/14
Liechtenstein 371580.00 Mar/16
Lithuania -272.50 May/16
Luxembourg -0.39 May/16
Macau -4571042.93 May/16
Macedonia -209476.00 May/16
Madagascar 101517.00 Mar/16
Malawi -31524.80 Sep/15
Malaysia 3300.00 May/16
Maldives -165.70 Apr/16
Mali -100.60 Mar/15
Malta -256269.00 May/16
Mauritania -24.89 Dec/15
Mauritius -6912.00 May/16
Mexico -523.64 Jun/16
Moldova -175.00 May/16
Monaco 7.80 Mar/16
Mongolia 118.00 May/16
Montenegro -167262.00 Jun/16
Morocco -16665.00 Jun/16
Mozambique -1754.40 Dec/15
Myanmar -639.40 Dec/15
Namibia -6141.52 Mar/16
Nepal -58541.90 Dec/15
Netherlands 4339.00 May/16
New Caledonia -11870.00 Mar/16
New Zealand 127.00 Jun/16
Nicaragua -195.00 Apr/16
Niger -441985.00 Sep/15
Nigeria -171309.90 Mar/16
North Korea -476.67 Dec/15
Norway 6971.00 Jun/16
Oman -45.20 Dec/15
Pakistan -294469.00 Jun/16
Palestine -326.70 Mar/16
Panama -971892.17 May/16
Papua New Guinea 3957.00 Dec/15
Paraguay 54678.00 May/16
Peru 65.00 May/16
Philippines -2021440.00 May/16
Poland 127.00 May/16
Portugal -937.00 May/16
Puerto Rico 2091.50 Apr/16
Qatar 8329.00 Jun/16
Republic of the Congo 4092.35 Dec/10
Romania -979.70 May/16
Russia 7530.00 May/16
Rwanda -142.60 May/16
Sao Tome and Principe -24.59 Mar/16
Saudi Arabia 22467.00 Dec/15
Senegal -107.41 May/16
Serbia -402.10 May/16
Seychelles -49.80 May/16
Sierra Leone -33.70 Dec/15
Singapore 5194.70 Jun/16
Slovakia 427.30 May/16
Slovenia 73.02 May/16
Somalia -1473.48 Dec/15
South Africa 18730.94 May/16
South Korea 11600.00 Jun/16
South Sudan -3492.00 Dec/14
Spain -940900.00 May/16
Sri Lanka -620.70 Mar/16
Sudan -489010.00 Mar/16
Suriname -23.00 Mar/16
Swaziland 1217.38 Dec/15
Sweden 1800.00 Jun/16
Switzerland 3546.46 Jun/16
Syria 9394.50 Dec/10
Taiwan 3580.00 Jun/16
Tajikistan -235.60 May/16
Tanzania -223.30 Apr/16
Thailand 1970.00 Jun/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -898.60 Jun/16
Turkey -5054.00 May/16
Turkmenistan 2431.94 Dec/14
Uganda -161.60 May/16
Ukraine 186.70 May/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -2263.00 May/16
United States -41144.00 May/16
Uruguay 96682.00 May/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -100.00 Jul/16
Yemen -2914.30 Dec/13
Zambia -751.30 Apr/16
Zimbabwe -322.86 Mar/16