Trade Balance

  • November 2022

    January 12, 2023

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

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  • October 2022

    December 8, 2022

    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.

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  • September 2022

    November 3, 2022

    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.

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  • August 2022

    October 6, 2022

    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.

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  • July 2022

    September 8, 2022

    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.

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  • June 2022

    August 4, 2022

    The seasonally adjusted external trade surplus widened to a new record high of A$17,670m in June, from the downwardly revised A$15,016m in May. The market consensus was for a decline to A$14,100m. The widening of the trade surplus was driven by another strong rise in exports (+5.1%), partly offset by a 0.7% uptick in imports.

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