Australia Balance of Trade

Last Release

Dec 31, 2024

Actual

5,085

Units In

AUD Million

7,079

Frequency

Monthly

Next Release

Mar 06, 2025

Time to Release

25 Days 23 Hours

Highest	Lowest	Average	Date Range	Source
17,670 Jun 2022	-4,033 Dec 2015	508.12 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 decreased to AUD 5.09 billion in December 2024 from a downwardly revised AUD 6.79 billion in the previous month, missing market expectations for a gain of AUD 7 billion and marking the smallest value since September. The decline was mainly due to a jump in imports. Purchases surged by 5.9% month-over-month, sharply accelerating from a downwardly revised 1.4% growth in November and hitting their largest amount in nine months of AUD 38.94 billion, boosted by capital goods n.e.s. Meanwhile, sales grew by 1.1%, slowing sharply from a downwardly revised 4.2% increase previously but reaching their highest amount since February, largely driven by metal ores and minerals.