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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 November 2020, Australia's trade balance was $5,022 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 graph of monthly trade balance data available in the 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)
1/11/2020 5,022 0
1/10/2020 6,583 0
1/09/2020 5,658 0
1/08/2020 3,109 0
1/07/2020 4,742 0
1/06/2020 7,431 0
1/05/2020 7,370 0
1/04/2020 7,729 0
1/03/2020 9,771 0
1/02/2020 2,942 0
1/01/2020 5,092 0
1/12/2019 5,132 0
1/11/2019 5,944 0
1/10/2019 4,318 0
1/09/2019 6,441 0
1/08/2019 6,680 0
1/07/2019 8,604 0
1/06/2019 7,941 0
1/05/2019 6,146 0
1/04/2019 4,377 0
1/03/2019 4,576 0
1/02/2019 5,187 4,971
1/01/2019 4,584 4,381
1/12/2018 4,067 3,828
1/11/2018 2,909 3,296
1/10/2018 2,524 2,807
1/09/2018 2,797 2,423
1/08/2018 2,060 2,113
1/07/2018 1,826 1,786
1/06/2018 1,619 1,520
1/05/2018 809 1,285
1/04/2018 1,018 1,052
1/03/2018 741 796
1/02/2018 1,277 530
1/01/2018 991 292
1/12/2017 -1,715 118
1/11/2017 260 36
1/10/2017 280 76
1/09/2017 798 232
1/08/2017 345 443
1/07/2017 162 720
1/06/2017 1,057 984
1/05/2017 1,876 1,304
1/04/2017 -364 1,809
1/03/2017 2,307 2,351
1/02/2017 3,238 2,748
1/01/2017 1,333 2,801
1/12/2016 4,576 2,428
1/11/2016 2,137 1,638
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