Trade Balance

Australia’s seasonally adjusted goods trade surplus declined A$254m to A$5,773m in May, from the downwardly revised level for April (A$6,027m against the original estimate of A$6,548m). The market consensus was for a A$6,328m surplus.

Australia’s seasonally adjusted goods trade surplus rose to A$6,548m in April, from the downwardly adjusted A$4,841m in the previous month (originally A$5,024m).

Australia’s seasonally adjusted goods trade surplus drop by A$1,567m to A$5,024m in March, from the downwardly revised level of A$6,591m (originally (A$7,280m). Market expectations were for virtually no change in the trade surplus (A$7,300m).

The goods trade surplus declined a seasonally adjusted A$2,778m to A$7,280m (mkt exp.: A$10,500m) in February, from a downwardly revised A$10,058m in the previous month (originally A$11,027m). The increase was mainly driven by a 2.2% decline in exports and a 4.8% rise in imports.

Australia’s seasonally adjusted goods trade surplus rose to A$11,027m in January, from the downwardly revised A$10,743m in December. The increase in the goods trade surplus was driven by a 1.6% rise in exports, partly offset by a 1.3% gain in imports. The value of metal ores and minerals exports rose by 1.0% in January, driven by higher prices, while volumes fell.

Australia’s seasonally adjusted goods trade surplus declined to A$10,959m in December, from the upwardly revised A$11,764m. The decline in the surplus was due to a 4.8% (A$1,652m) rise in imports, partly offset by a 1.8% (A$847m) uptick in exports.