Trade Balance

  • 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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  • May 2022

    July 7, 2022

    The seasonally adjusted external trade surplus widened to a new record high of A$15,965m in May, from the upwardly revised A$13,248m in the previous month. The widening of the trade surplus was driven by a 9.5% surge in goods and services exports, partly offset by a 5.8% increase in imports. The surge in exports was broad-based, with the greatest contribution coming from coal, coke and briquettes as well as other mineral fuels (mainly coal and gas).

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  • April 2022

    December 2, 2021

    The seasonally adjusted external trade surplus widened further to A$10,495m in April. The widening of the trade surplus was due to both higher exports and lower imports. The rise in exports was driven a surge in services credits and an increase in LNG prices.

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  • March 2022

    May 5, 2022

    The seasonally adjusted external trade surplus widened to A$9,314m in March, which is slightly more than the A$8,520m expected by the markets.

    The rise in the trade surplus was driven by a 4.6% decline in imports, while exports were only marginally lower.

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  • February 2022

    April 7, 2022

    The seasonally adjusted external trade surplus narrowed to A$7,457m in February, which is significantly lower than envisaged by the market (A$11,700m).

    The drop was driven by a 12.1% surge in imports, which was much bigger than the 0.2% uptick in exports.

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