Australia Balance of Trade

Last Release

Oct 31, 2024

Actual

5,953

Units In

AUD Million

4,609

Frequency

Monthly

Next Release

Jan 10, 2025

Time to Release

1 Months 3 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
17,670 Jun 2022	-4,033 Dec 2015	490.7 AUD Million	1971-2024	Australian Bureau of Statistics

In 2017 and 2018 Australia recorded trade surpluses mostly due to rise in a resource exports like natural gas, metal ores and minerals, coal, coke and briquettes and rural goods such as meat and cereals. The biggest trade surpluses are recorded with China, Hong Kong and Japan and New Zealand and the biggest trade deficits with the United States, Singapore, South Korea, Malaysia and Thailand. .

Latest Updates

Australia's trade surplus on goods increased to AUD 5.95 billion in October 2024, up from a downwardly revised AUD 4.53 billion in September, surpassing market expectations for a gain of AUD 4.55 billion. This was the biggest trade surplus since February, largely driven by a recovery in exports. Shipments rose by 3.6% from the previous month to AUD 42.15 billion, reversing a 4.7% decline in September, largely boosted by other mineral fuels. Meanwhile, purchases edged up by 0.1% to AUD 36.20 billion after declines in recent months, mainly supported by processed industrial supplies n.e.s.