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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 June 2020, Australia's trade balance was $8,202 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)
1/06/2020 8,202 0
1/05/2020 7,341 0
1/04/2020 7,864 0
1/03/2020 10,631 0
1/02/2020 3,926 0
1/01/2020 4,674 0
1/12/2019 4,927 0
1/11/2019 5,681 0
1/10/2019 4,126 0
1/09/2019 5,938 0
1/08/2019 6,644 0
1/07/2019 7,796 0
1/06/2019 7,842 0
1/05/2019 6,113 0
1/04/2019 4,674 0
1/03/2019 4,570 0
1/02/2019 5,120 4,982
1/01/2019 4,672 4,378
1/12/2018 3,941 3,793
1/11/2018 2,723 3,240
1/10/2018 2,678 2,756
1/09/2018 2,780 2,388
1/08/2018 1,986 2,092
1/07/2018 1,876 1,786
1/06/2018 1,679 1,551
1/05/2018 922 1,353
1/04/2018 980 1,152
1/03/2018 870 905
1/02/2018 1,560 620
1/01/2018 1,047 353
1/12/2017 -1,756 156
1/11/2017 94 58
1/10/2017 399 96
1/09/2017 921 263
1/08/2017 406 495
1/07/2017 163 782
1/06/2017 1,096 1,037
1/05/2017 1,953 1,343
1/04/2017 -306 1,840
1/03/2017 2,313 2,384
1/02/2017 3,196 2,783
1/01/2017 1,430 2,837
1/12/2016 4,652 2,468
1/11/2016 2,150 1,681
1/10/2016 -1,005 593
1/09/2016 -434 -540
1/08/2016 -1,888 -1,458
1/07/2016 -1,947 -2,033
1/06/2016 -3,131 -2,275
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