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Australia Balance of Trade

Discussion in 'Market News' started by Sam, Oct 9, 2015.

  1. Sam

    Sam Forum Member

    Sep 1, 2015
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    Australia reported a trade gap of $3.10 billion in August 2015, an increase of 11 percent from an upwardly revised $2.79 billion deficit in July 2015 and missing market consensus, as exports remained flat while imports rose. Balance of Trade in Australia averaged -532.85 AUD Million from 1971 until 2015, reaching an all time high of 2229 AUD Million in February of 2009 and a record low of -3912 AUD Million in April of 2015. Balance of Trade in Australia is reported by the Australian Bureau of Statistics. In 2010 and 2011, Australia reported consistent trade surpluses due to high prices of commodities. However, from 2012 the trade balance has been back to deficit, with exception of first three months of 2014, mostly due to a sharp drop in value of commodity exports and rising capital imports. In 2014, the biggest trade surpluses were recorded with China, Hong Kong, Japan and South Korea. The biggest trade deficits were recorded with the United States, Singapore, Malaysia and Thailand. This page provides the latest reported value for - Australia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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