Trade Balance

  • 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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  • November 2020

    January 7, 2021

    The Australian trade surplus narrowed to a seasonally adjusted A$5.0B in November, down from A$6.6B in October.

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  • October 2020

    December 3, 2020

    The seasonally adjusted external trade surplus bounced back to A$7.5B in October 2020, exceeding market expectations of an A$5.8B surplus.

    The rise in the trade surplus was driven by a 5.4% increase in exports on the back of a 14.0% surge in metal ores and minerals (mainly iron ore).

    Iron ore exports reached another record high of A$11.0B (not seasonally adjusted).

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  • September 2020

    November 4, 2020

    The seasonally adjusted external trade surplus grew to A$5.6B in September, slightly more than the A$3.7B expected by the market participants.

    The wider trade surplus was due to a 3.9% rise in exports and a 5.8% fall in imports, with non-monetary gold being a major mover of both.

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