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Main Indicator: Trade Balance
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| -1.0B | -1.0B | 0.1B | -1.0B | ||
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For May
Exports m/m: 1.0%, pr. 5.8% (Apr), 4.4% (Mar), -4.1% (Feb) |
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Table of Past Data
| 10/2 | 10/31 | 12/2 | 1/9 | 2/3 | 3/5 | 4/6 | 5/5 | 6/4 | 7/2 | ||
| Actual | -1.60B | -1.9B | -3.0B | -2.3B | -1.9B | -2.7B | -3.3B | -2.74B | -1.0B | -1.0B | |
| Forecast | -1.40B | -1.0B | -1.8B | -2.5B | -2.0B | -2.6B | -2.5B | -2.90B | -1.7B | -1.0B | |
| Previous | -0.76B | -1.7B | -1.9B | -2.9B | -2.2B | -1.9B | -2.7B | -3.29B | -2.5B | 0.1B | |
| Revised From | N/A | -1.6B | N/A | -3.0B | -2.3B | N/A | N/A | N/A | -2.7B | -1.0B | |
Past Releases
|
Actual | Forecast | Previous | Revised Form | |
| -1.0B | -1.7B | -2.5B | -2.7B | ||
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For April
Imports m/m: -2.2%, pr. 1.3% (Mar), -0.2% (Feb)
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Actual | Forecast | Previous | Revised Form | |
| -2.74B | -2.90B | -3.29B | N/A | ||
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For March
Imports m/m: 1.3%, pr. -0.2% (Feb), 5.4% (Jan), 0.4%
(Dec)
Australia's trade balance improved by 16% in March, as exports increased 4.4% (A$19,176M) compared to February's -4.1% change. Imports were up as well, but by a lower amount, climbing 1.3% (A$21,912M). Exports were led by an increase in iron ore, coal and wheat. Australia's economy continued to be bolstered by demand for Australian goods. With wheat prices surging, and good rainfall, the country is set double its wheat production. Demand for Australia's raw materials has been fueled by the rapid growth in China. Australian officials may be expecting the trade deficit to continue shrinking as imports may be set to coll as a result of tighter consumers - faced with 12-year high borrowing costs. |
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Actual | Forecast | Previous | Revised Form | |
| -3.3B | -2.5B | -2.7B | N/A | ||
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For February
Imports m/m: -0.2%, pr. 5.4% (Jan), 0.4%
(Dec)
Pre-Release: January saw a surge in imports as the Aussie Dollar's value made imports cheaper. Expectations for February are for another deficit number close to January's -2.7B. Post-Release: The trade balance fell into further deficit in February. Exports declined by 4.1% and imports were relatively steady falling only 0.2%. The new difference between exports and imports was A$3.3 billion, a A$600 million larger deficit than the previous month.
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Actual | Forecast | Previous | Revised Form | |
| -2.7B | -2.6B | -1.9B | N/A | ||
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For January
Imports m/m: 5.4% pr. 0.4%
r(0.1%)
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Actual | Forecast | Previous | Revised Form | |
| -1.9B | -2.0B | -2.2B | -2.3B | ||
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For December
Imports m/m: 0.1%, pr. 1.3%
The Australian trade deficit narrowed to A$1.9 billion, more than expected in December. Exports rose to a record A$18.6 bln, as farm shipments such as wheat, wool and sheepskin rose 9%. Mining shiments were up as well as coal saw a 10% rise for the month. Helathy exports will help Australia to weather a slowdown in the US, as many of the exports were heading towards Southeast Asia, mainly China and India. |
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Actual | Forecast | Previous | Revised Form | |
| -2.3B | -2.5B | -2.9B | -3.0B | ||
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For November. Official Release from Australian Bureau of Statistics Exports: 18.38B, pr. 17.4B Imports: 20.63B, pr. 20.26B The Australian trade deficit has been widening during the past year. The trend estimate was a deficit of 2.47B AUD in November 2007, an increase of $173m from the previous month. |
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Actual | Forecast | Previous | Revised Form | |
| -3.0B | -1.8B | -1.9B | N/A | ||
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For October. Provided by Australian Bureau of Statistics Exports s/a: A$ 17.235B (Oct), pr. A$ 17.850B (Sept) Imports s/a: A$ 20.219B (Oct), pr. A$ 19.766B (Sept) Imports showed an increase of 2% ($453 million), while exports showed a decrease of 3% ($615 million), causing the trade deficit to widen A$ 1.067 billion. The Australian Dollar lost after the news. Here is a shot of the AUD/JPY pair more than 100 pips from the week's open to the low for the session.
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Actual | Forecast | Previous | Revised Form | |
| -1.9B | -1.0B | -1.7B | -1.6B |
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Actual | Forecast | Previous | Revised Form | |
| -1.60B | -1.40B | -0.76B | N/A | ||
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For August, in Australian Dollars. Exports (Aug): 18.64B, pr. 18.36B Imports (Aug): 20.25B, pr. 19.12B |
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