Australia Balance of Trade

Last Release

Sep 30, 2024

Actual

4,609

Units In

AUD Million

5,644

Frequency

Monthly

Next Release

Dec 05, 2024

Time to Release

25 Days 23 Hours

Highest	Lowest	Average	Date Range	Source
17,670 Jun 2022	-4,033 Dec 2015	482.15 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 declined to AUD 4.61 billion in September 2024 from a downwardly revised AUD 5.28 billion in August, missing market expectations for a gain of AUD 5.30 billion. It was the smallest trade gain since March as exports fell more than imports. Shipments dropped by 4.3% from a month earlier to a 33-month low of AUD 40.83 billion, primarily due to lower other mineral fuels, with outbound shipments shrinking mainly to India (-13.6%), Indonesia (-25.1%), and Japan (-15.9%). Purchases also fell by 3.1% to a nine-month low of AUD 36.22 billion, mainly weighed down by fuels and lubricants.