Trade Balance

  • August 2020

    October 6, 2020

    The seasonally adjusted external trade surplus unexpectedly narrowed to A$2.6B in August.

    The lower trade surplus was caused by a 4.2% decline in exports (mainly of non-monetary gold) and, to a lesser extent, by a 2.0% rise in imports.

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  • July 2020

    September 3, 2020

    The Australian seasonally adjusted trade surplus narrowed to A$4.6B in July from A$8.1B in June.

    The fall in trade balance was caused by both a 4.4% decline in exports and a 6.9% rise in imports.

    Iron ore exports fell but remained close to their all-time highs.

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  • June 2020

    August 4, 2020

    The Australian trade surplus widened to a seasonally adjusted A$8.2B in June from a downwardly revised A$7.3B in May (originally $8.0B).

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  • May 2020

    July 2, 2020

    The surplus on goods and services was A$8.0B in May, little changed from April. Both exports and imports declined amid a fall in global and domestic demand.

    Western Australia maintained its position as the dominant exporter among the states.

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  • April 2020

    June 4, 2020

    The Australian trade surplus narrowed to a seasonally adjusted $8.8B in April 2020, from a record high of A$10.4B in March, exceeding the market expectations for a A$7.5B surplus.

    The decline was driven by a broad-based 11% fall in export values exceeding a 10% drop in imports, mainly of services.

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  • March 2020

    May 7, 2020

    The Australian trade balance surged to an all-time high of A$10.6B in March 2020, driven by a 32% bounce in exports of metal ores and minerals (mainly iron ore).

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