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Trade statistics

Australia’s trade balance

Australia's trade balance is the difference between what we export and what we import.

It is calculated by subtracting the value of the goods and services Australia buys from overseas from the value of the goods and services we sell to other countries.

As of August 2020, Australia's trade balance was $2,643 million (seasonally adjusted).

Australia's trade balance over time

The graph below shows the variation in Australia's monthly trade balance over the past few years.

We calculate two different values for trade balance:

  • seasonally adjusted (sa), which means monthly data is adjusted to account for events such as Christmas, Easter and Chinese New Year.
  • trend, which means the data is smoothed to more clearly highlight changes over time.

 

Bar chart of data in table below

View larger image

Please note: the trend series has been suspended by the ABS from March 2019. It will be reinstated when more certainty emerges in the underlying trends in international trade.

The table below shows the value of Australia's trade balance at the start of each month.

Trade balance, seasonally-adjusted and as a trend, A$ million
Date Balance on goods and services (seasonally-adjusted) Balance on goods and services (as a trend)
1/08/2020 2,643 0
1/07/2020 4,652 0
1/06/2020 7,551 0
1/05/2020 7,122 0
1/04/2020 7,697 0
1/03/2020 10,527 0
1/02/2020 3,745 0
1/01/2020 4,822 0
1/12/2019 4,853 0
1/11/2019 5,682 0
1/10/2019 4,075 0
1/09/2019 5,962 0
1/08/2019 6,665 0
1/07/2019 7,887 0
1/06/2019 7,832 0
1/05/2019 6,132 0
1/04/2019 4,421 0
1/03/2019 4,568 0
1/02/2019 5,122 4,926
1/01/2019 4,580 4,335
1/12/2018 3,981 3,783
1/11/2018 2,761 3,266
1/10/2018 2,630 2,808
1/09/2018 2,847 2,453
1/08/2018 2,089 2,160
1/07/2018 1,888 1,834
1/06/2018 1,680 1,555
1/05/2018 841 1,302
1/04/2018 879 1,052
1/03/2018 840 780
1/02/2018 1,246 499
1/01/2018 941 255
1/12/2017 -1,711 88
1/11/2017 109 21
1/10/2017 303 81
1/09/2017 920 255
1/08/2017 407 476
1/07/2017 127 746
1/06/2017 1,095 992
1/05/2017 1,856 1,292
1/04/2017 -434 1,785
1/03/2017 2,310 2,326
1/02/2017 3,236 2,727
1/01/2017 1,274 2,784
1/12/2016 4,619 2,418
1/11/2016 2,114 1,636
1/10/2016 -1,071 558
1/09/2016 -425 -560
1/08/2016 -1,904 -1,463
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