Trade Balance

Australia’s external trade surplus narrowed to a seasonally adjusted A$11,688m in January, from an upwardly revised A$12,985m in December. The narrower surplus was caused by imports rising more than exports. Western Australian merchandise exports rose another A$930m to an unadjusted A$24,640m, which is just 1.8% off the record high from June 2022.

Australia’s external trade surplus narrowed to a seasonally adjusted A$12,237m in December.

Australia’s seasonally adjusted external trade surplus widened to A$13,201m in November, from an upwardly revised A$12,743m in October.

Australia’s seasonally adjusted external trade surplus declined to A$12,217m in October, from A$12,444m. The slight decline in trade surplus was driven by a A$568m drop in exports, partly offset by a A$340m fall in imports. In original terms, the value of iron ore exports rose by 0.5%, to be up 15.4% over the year.

Australia’s seasonally adjusted external trade surplus widened to A$12,444m in September, from an upwardly revised A$8,664m in August. The market consensus was for an increase to A$9,050m. The widening of the trade surplus was driven by a 7.0% increase in exports, which was marginally offset by a 0.4% uptick in imports.

Australia’s seasonally adjusted external trade surplus narrowed to A$8,324m in August, from an upwardly revised A$8,967m in July. The market consensus was for an increase to A$10,550m.

Australia’s seasonally adjusted external trade surplus narrowed to A$8,733m in July, from a downwardly revised record high of A$17,131m in June. The drop in the trade surplus was driven by a 9.9% fall in exports and 5.2% increase in imports. Services imports surged by 8.1% and have now fully recovered from the COVID-related collapse.