Australia Exports

Exports in Australia increased to 29970 AUD Million in February of 2014 from 29850 AUD Million in January of 2014. Exports in Australia is reported by the Australian Bureau of Statistic. Exports in Australia averaged 8915.83 AUD Million from 1971 until 2014, reaching an all time high of 29970 AUD Million in February of 2014 and a record low of 435 AUD Million in October of 1971. Rich in natural resources, Australia is a major exporter of commodities. Metals like iron-ore and gold account for 28 percent of total exports, coal for 18 percent and oil and gas for 9 percent. Manufactured goods constitute 33 percent of the total exports with food and metal products and machinery and equipment accounting for the biggest share. Agricultural products, particularly wheat and wool make up 5 percent of trade outflows. Australia's largest export markets are China (27 percent of total exports), Japan (17 percent), South Korea (7 percent), India (6 percent) and the European Union countries. This page provides - Australia Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
29970.00 29850.00 29970.00 435.00 29986.85 | 2014/03 1971 - 2014 AUD Million Monthly

TO

Australia Exports
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-02-06 12:30 AM Australia
Exports MoM
Dec 2013 4% 0.0% 3.6%
2014-03-06 12:30 AM Australia
Exports MoM
Jan 2014 4% 4.0%
2014-04-03 01:30 AM Australia
Exports MoM
Feb 2014 0% 4.0%
2014-05-06 01:30 AM Australia
Exports MoM
Mar 2014 0%
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Trade Last Previous Highest Lowest Forecast Unit
Current Account -10139.00 2013-11-15 -12710.00 295.00 -20912.00 -10398.30 2014-03-31 AUD Million [+]
Exports 29970.00 2014-02-15 29850.00 29970.00 435.00 29986.85 2014-03-31 AUD Million [+]
Balance of Trade 1200.00 2014-02-15 1392.00 2205.00 -3872.00 904.40 2014-03-31 AUD Million [+]
Imports 28770.00 2014-02-15 28458.00 28770.00 396.00 28659.11 2014-03-31 AUD Million [+]
Current Account to GDP -2.90 2013-12-31 -4.10 1.40 -6.70 -2.60 2014-06-30 Percent [+]
Capital Flows 11480.00 2013-11-15 14658.00 20304.00 -375.00 11510.45 2014-03-31 AUD Million [+]
Crude Oil Production 282.00 2013-10-15 353.00 781.00 282.00 307.43 2013-11-30 Thousands Barrels per Day [+]
External Debt 1513019.00 2013-12-31 1436545.00 1513019.00 147248.00 1520982.81 2014-03-31 AUD Million [+]
Foreign Direct Investment 55972.00 2012-06-29 58011.00 58011.00 -36248.00 55873.24 2012-12-31 AUD Million [+]
Gold Reserves 79.85 2013-12-31 79.85 79.85 79.69 79.85 2014-03-31 Tonnes [+]
Terms Of Trade 88.10 2013-11-15 87.50 106.50 44.70 86.95 2014-03-31 Index Points [+]
Tourist Arrivals 627100.00 2014-02-15 548100.00 785000.00 30100.00 614733.08 2014-03-31 [+]
[+]


Exports | Notes
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.


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Australia's seasonally adjusted unemployment rate stayed at 6 percent in February as more people joined the labour force. The employment surged by 47,300, the biggest gain in 13 months and above forecasts.
Australia's Trade Surplus Hits 29-Month High in January  
Australia's trade surplus surged to $1,433m in seasonally adjusted terms in the first month of 2014, the highest value since August of 2011 as exports grew faster than imports.
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At its March 4th, the Reserve Bank of Australia decided to leave cash rate unchanged at 2.5 percent for the sixth straight meeting, after sending a strong signal last month it wanted a period of interest rate stability.
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Australia's seasonally adjusted unemployment rate increased by 0.2 percentage points to 6.0 percent in January, the highest level since July of 2003.
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Australia posted an unexpected trade surplus of $468m in December 2013, an increase of $385m (464%) on the surplus in November 2013. Exports rose 4% supported by the weakened Aussie dollar, while imports grew 2%.
Reserve Bank of Australia Leaves Rate on Hold  
At its February 4th, 2014 meeting, Reserve Bank of Australia decided to leave the cash rate unchanged at 2.5 percent, as widely expected, as present monetary policy is considered appropriate to foster growth in demand and keep inflation within the 2-3 percent target.
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