Trade Balance

  • 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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  • January 2022

    March 3, 2022

    The seasonally adjusted external trade surplus widened to A$12,891k in January, just 383k shy of its record high from July last year.

    The rise in surplus was driven by a 7.6% surge in exports and, to a lesser extent, a 1.6% decline in imports.

    The largest contribution to the rise in exports came from metal ores and minerals (mainly iron ore) as well as coal, coke and briquettes.

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  • December 2021

    February 3, 2022

    The seasonally adjusted external trade surplus narrowed to A$8.4b in December (mkt exp A$9.8b), from an upwardly revised A$9.8b surplus in November
    (originally A$9.4b).

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  • November 2021

    January 11, 2022

    The seasonally adjusted external trade surplus narrowed to A$9.4b in November (mkt exp A$10.5b), from a downwardly revised A$10.8b in the previous month (originally A$11.2b).

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  • October 2021

    December 2, 2021

    The seasonally adjusted external trade surplus narrowed to A$11.2b in October, from a downwardly revised A$11.8b in the previous month.

    The decline in the trade surplus in October reflected a 3.3% fall in the value of exports amid lower iron ore prices, partly offset by a 2.7% decline in the value of imports.

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