Trade Balance

  • August 2021

    October 5, 2021

    The seasonally adjusted external trade surplus widened to a record high of A$15.1b in August, eclipsing the previous high of A$12.7b set in July.

    The wider surplus was driven by a 4.1% rise in exports to a new record on the back of higher LNG and coal exports.

    The value of iron ore exports remain high by historical standards, despite the decline due to lower prices.

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  • July 2021

    September 2, 2021

    The seasonally adjusted external trade surplus widened again in July, reaching another series record of A$12.1b.

    The increase in the trade surplus was driven by another broad-based rise in exports, partly offset by higher imports.

    In contrast to previous months, ‘other mineral fuels’ (oil and gas) saw the largest increase, while the second strongest gain was recorded for metal ores and minerals.

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  • June 2021

    August 5, 2021

    The seasonally adjusted external trade surplus widened again in June, reaching another record high of A$10.5b.

    The rise in the trade surplus was driven by a broad-based increase in exports, most notably iron ore which climbed to a fresh all-time high.

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  • May 2021

    July 1, 2021

    The seasonally adjusted external trade surplus continued to widen in May, driven most notably by record iron ore exports.

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  • April 2021

    June 3, 2020

    The seasonally adjusted external trade surplus widened to a three-month high of A$8.0b in April from an upwardly revised A$5.8b in March (revised from A$5.6b).

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  • March 2021

    May 4, 2020

    The seasonally adjusted external trade surplus narrowed to A$5.6b in March from A$7.6b in February.

    The fall in surplus was larger than expected by market participants and reflected a 4.3% rise in imports and, to a lesser extent, a 1.7% decline in exports.

    Iron ore exports reached a fresh record high in original terms.

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