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 October 2019, Australia's trade balance was $4,502 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.
Chart showing data from the table below.
View larger image

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)
1/10/2019 4,502 6,341
1/09/2019 6,847 6,570
1/08/2019 6,591 6,813
1/07/2019 7,382 6,904
1/06/2019 7,918 6,828
1/05/2019 5,981 6,592
1/04/2019 4,634 6,184
1/03/2019 4,804 5,641
1/02/2019 5,220 5,063
1/01/2019 4,762 4,435
1/12/2018 3,895 3,797
1/11/2018 2,588 3,189
1/10/2018 2,739 2,664
1/09/2018 2,508 2,281
1/08/2018 1,960 1,993
1/07/2018 1,679 1,711
1/06/2018 1,860 1,517
1/05/2018 836 1,370
1/04/2018 911 1,220
1/03/2018 1,103 1,009
1/02/2018 1,693 731
1/01/2018 1,218 445
1/12/2017 -1,759 205
1/11/2017 87 59
1/10/2017 296 55
1/09/2017 871 201
1/08/2017 328 437
1/07/2017 168 745
1/06/2017 1,096 1,030
1/05/2017 1,951 1,363
1/04/2017 -346 1,877
1/03/2017 2,495 2,426
1/02/2017 3,256 2,818
1/01/2017 1,368 2,856
1/12/2016 4,639 2,465
1/11/2016 2,142 1,660
1/10/2016 -978 563
1/09/2016 -555 -570
1/08/2016 -1,891 -1,483
1/07/2016 -1,936 -2,053
1/06/2016 -3,102 -2,286
1/05/2016 -2,174 -2,328
1/04/2016 -1,934 -2,448
1/03/2016 -2,550 -2,694
1/02/2016 -3,058 -3,008
1/01/2016 -3,275 -3,332
1/12/2015 -4,131 -3,540
1/11/2015 -4,022 -3,581
1/10/2015 -3,514 -3,458
Last Updated: 18 December 2019

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