Australia Balance of Trade

Last Release

Nov 30, 2024

Actual

7,079

Units In

AUD Million

5,953

Frequency

Monthly

Next Release

Feb 06, 2025

Time to Release

26 Days 0 Hours

Highest	Lowest	Average	Date Range	Source
17,670 Jun 2022	-4,033 Dec 2015	500.98 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 7.08 billion in November 2024, up from a downwardly revised AUD 5.67 billion in October, surpassing market expectations of a gain of AUD 5.75 billion. This was the biggest trade surplus since January, as exports grew faster than imports. Shipments rose by 4.8% from the previous month to a nine-month high of AUD 43.82 billion, accelerating from a marginally revised 3.5% rise in October, largely boosted by other rural exports. Meanwhile, purchases increased by 1.7% to a three-month high of AUD 36.74 billion, mainly supported by fuels and lubricants.