Australia balance of trade


Australia balance of trade: 5773 (-4.21%)
Last Update: May 31, 2024

Australia balance of trade closed down 5773 as of May 31, 2024 from 6027 from the previous month and 10467 from last year.


Australia balance of trade Analytics & Data



Australia balance of trade

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Australia balance of trade

DateValues
2024-05-31 5773
2024-04-30 6027
2024-03-31 4254
2024-02-29 6716
2024-01-31 9616
2023-12-31 9687
2023-11-30 11311
2023-10-31 7804
2023-09-30 5893
2023-08-31 10075
2023-07-31 8067
2023-06-30 10238
2023-05-31 10467
2023-04-30 9663
2023-03-31 14429
2023-02-28 14081
2023-01-31 11488
2022-12-31 13385
2022-11-30 14287
2022-10-31 12213
2022-09-30 12494
2022-08-31 8917
2022-07-31 8819
2022-06-30 17248

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Australia balance of trade Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
balance of tradeau.balanceoftrade5773.06027-4-45DownDown82024-05-31

Australia balance of trade Factors

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Australia balance of trade Historical Data

The MacroVar database offers free access to historical data for the Australia balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Australia balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Australia balance of trade

Australia's balance of trade refers to the difference between the value of exports and imports of goods and services in the country. A positive balance of trade occurs when the value of exports exceeds the value of imports, leading to a trade surplus. On the other hand, a negative balance of trade, or trade deficit, occurs when the value of imports is greater than the value of exports. Australia has historically had a trade deficit due to its reliance on imports of goods such as machinery, vehicles, and electronics. However, the country also has a strong export market, particularly in industries like mining, agriculture, and education services, which helps to offset some of the imports. Overall, Australia's balance of trade plays a crucial role in determining its economic health and stability.