Trade Balance

  • 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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  • February 2021

    April 1, 2021

    The seasonally adjusted external trade surplus declined to A$7.5b in February from the downwardly revised A$9.6b in the previous month.

    The fall in the trade surplus resulted from both a 1.3% decline in exports and 5.2% growth in imports.

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  • January 2021

    March 4, 2021

    The seasonally adjusted external trade surplus widened to A$10.1b in January 2021, from an upwardly revised A$7.2b in December (originally A$$6.8b).

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  • December 2020

    February 4, 2021

    The seasonally adjusted external trade surplus picked up to A$6.8B in December 2020.

    The rise in the trade surplus was driven by a 2.8% increase in exports (mainly cereals and iron ore), coupled with a 2.4% decline in imports (driven by capital goods).

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