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 2019, Australia's trade balance was $5,926 million.

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)
1/08/2019 5,926 6,925
1/07/2019 7,253 6,852
1/06/2019 7,947 6,688
1/05/2019 6,032 6,452
1/04/2019 4,725 6,146
1/03/2019 4,787 5,710
1/02/2019 5,365 5,121
1/01/2019 4,724 4,452
1/12/2018 3,953 3,792
1/11/2018 2,640 3,184
1/10/2018 2,447 2,679
1/09/2018 2,609 2,329
1/08/2018 2,249 2,072
1/07/2018 1,765 1,805
1/06/2018 1,924 1,600
1/05/2018 844 1,423
1/04/2018 923 1,238
1/03/2018 1,099 998
1/02/2018 1,638 709
1/01/2018 1,235 417
1/12/2017 -1,759 176
1/11/2017 60 37
1/10/2017 140 48
1/09/2017 994 216
1/08/2017 374 473
1/07/2017 224 789
1/06/2017 1,122 1,066
1/05/2017 2,000 1,378
1/04/2017 -370 1,868
1/03/2017 2,429 2,400
1/02/2017 3,180 2,786
1/01/2017 1,409 2,825
1/12/2016 4,626 2,445
1/11/2016 2,130 1,653
1/10/2016 -1,057 570
1/09/2016 -470 -553
1/08/2016 -1,845 -1,460
1/07/2016 -1,915 -2,031
1/06/2016 -3,124 -2,270
1/05/2016 -2,130 -2,325
1/04/2016 -1,941 -2,454
1/03/2016 -2,624 -2,706
1/02/2016 -3,037 -3,021
1/01/2016 -3,267 -3,343
1/12/2015 -4,161 -3,546
1/11/2015 -3,990 -3,582
1/10/2015 -3,564 -3,451
1/09/2015 -2,959 -3,319
1/08/2015 -3,048 -3,289
Last Updated: 4 October 2019

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