AUSTRALIA EXPORTS

Australia exports were worth 24521 Million AUD in March of 2012. Historically, from 1971 until 2012, Australia averaged 8064.9 Million AUD reaching an all time high of 28037.0 Million AUD in August of 2011 and a record low of 435.0 Million AUD in October of 1971. Rich in natural resources, Australia is a major exporter of agricultural products, particularly wheat and wool, minerals such as iron-ore and gold, and energy in the form of liquefied natural gas and coal. The agricultural and mining sectors account for 57% of the nation's exports. Australia's largest export markets are Japan, China, European Union, South Korea and United States. This page includes a chart with historical data for Australia Exports.


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Australia Exports


Exports
Exports measure the amount of goods or services that domestic producers provide to foreign consumers by. It is a good that is sent to another country for sale. In the past, export of commercial quantities of goods normally required involvement of the customs authorities in both the country of export and the country of import. More recently, with the advent of small trades over the internet such as through Amazon and e-Bay, exports have largely bypassed the involvement of Customs in many countries due to the low individual values of these trades. Nonetheless, these small exports are still subject to legal restrictions applied by the country of export.



AUSTRALIA NEWS

Australia's Unemployment Down to 4.9% in April
Published: 5/10/2012 11:58:25 AM By: TradingEconomics.com, ABS
Australia's unemployment rate decreased 0.2 pts to 4.9%. The male unemployment rate decreased 0.2 pts to 4.8% and the female unemployment rate decreased 0.2 pts to 5.1%.

Australia Reports Trade Deficit for Third Month
Published: 5/8/2012 11:31:23 AM By: TradingEconomics.com, ABS
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.

Australia Cuts Rates to 3.75%
Published: 5/1/2012 11:30:40 AM By: TradingEconomics.com, RBA
At its meeting on May 1st, the Board decided to lower the cash rate by 50 basis points to 3.75 per cent, effective 2 May 2012. This decision is based on information received over the past few months that suggests that economic conditions have been somewhat weaker than expected, while inflation has moderated.

Australian Annual Inflation Down to 1.6% in Q1
Published: 4/24/2012 11:49:36 AM By: TradingEconomics.com, ABS
The CPI rose 1.6% through the year to the March quarter 2012, compared with a rise of 3.1% through the year to the December quarter 2011.

Australia's Unemployment Rate Steady at 5.2% in March
Published: 4/12/2012 11:31:07 AM By: TradingEconomics.com, ABS
Employment increased 44,000 (0.4%) to 11,491,200. Full-time employment increased 15,800 (0.2%) to 8,080,400 and part-time employment increased 28,200 (0.8%) to 3,410,900.

Australia Reports Trade Deficit in February
Published: 4/4/2012 11:03:26 AM By: TradingEconomics.com, ABS
In seasonally adjusted terms, the balance on goods and services was a deficit of $480m in February 2012, a fall of $491m on the deficit in January 2012.

Reserve Bank of Australia Leaves Interest Rates Steady
Published: 4/3/2012 1:34:36 PM By: TradingEconomics.com, RBA
The board of the Reserve Bank of Australia has left interest rates unchanged at 4.25 per cent at its monthly meeting.

Australia Reports Trade Deficit in January
Published: 3/9/2012 11:40:09 AM By: TradingEconomics.com, ABS
In seasonally adjusted terms, Australia reported a trade deficit of $673m in January 2012, a turnaround of $1,998m on the surplus in December 2011.

Australia's Unemployment Rate Up to 5.2% in February
Published: 3/8/2012 12:29:16 PM By: TradingEconomics.com, ABS
Australia's seasonally adjusted unemployment rate increased 0.1 percentage points to 5.2 per cent in February.

Australia's GDP Growth Slows in Q4
Published: 3/7/2012 11:15:41 AM By: TradingEconomics.com, ABS
In seasonally adjusted terms, GDP increased 0.4% in the December quarter; through the year GDP growth was 2.3%.

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