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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 February 2021, Australia's trade balance was $7,529 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. 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)
1/02/2021 7,529 0
1/01/2021 9,616 0
1/12/2020 7,577 0
1/11/2020 5,849 0
1/10/2020 6,915 0
1/09/2020 5,977 0
1/08/2020 3,715 0
1/07/2020 5,135 0
1/06/2020 7,579 0
1/05/2020 7,110 0
1/04/2020 7,793 0
1/03/2020 9,556 0
1/02/2020 3,094 0
1/01/2020 4,823 0
1/12/2019 5,247 0
1/11/2019 6,077 0
1/10/2019 4,359 0
1/09/2019 6,562 0
1/08/2019 6,768 0
1/07/2019 8,610 0
1/06/2019 7,894 0
1/05/2019 6,254 0
1/04/2019 4,715 0
1/03/2019 4,403 0
1/02/2019 5,185 4,854
1/01/2019 4,420 4,237
1/12/2018 4,060 3,670
1/11/2018 2,723 3,132
1/10/2018 2,376 2,645
1/09/2018 2,852 2,279
1/08/2018 2,048 2,010
1/07/2018 1,949 1,742
1/06/2018 1,624 1,526
1/05/2018 994 1,312
1/04/2018 1,051 1,063
1/03/2018 711 765
1/02/2018 1,315 450
1/01/2018 881 185
1/12/2017 -1,685 26
1/11/2017 150 -21
1/10/2017 198 61
1/09/2017 897 249
1/08/2017 440 479
1/07/2017 146 762
1/06/2017 1,044 1,023
1/05/2017 1,975 1,329
1/04/2017 -323 1,819
1/03/2017 2,227 2,350
1/02/2017 3,234 2,739
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