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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 March 2020, Australia's trade balance was $10,602 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.

View larger image

Please note: the trend series has been suspended by the ABS back to July 2018. 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)
1/03/2020 10,602 0
1/02/2020 3,865 0
1/01/2020 5,046 0
1/12/2019 5,292 0
1/11/2019 5,737 0
1/10/2019 3,596 0
1/09/2019 5,614 0
1/08/2019 6,355 0
1/07/2019 7,698 0
1/06/2019 7,809 0
1/05/2019 6,070 0
1/04/2019 5,073 0
1/03/2019 4,617 0
1/02/2019 4,802 0
1/01/2019 5,052 0
1/12/2018 4,390 0
1/11/2018 2,779 0
1/10/2018 2,463 0
1/09/2018 2,577 0
1/08/2018 1,866 0
1/07/2018 1,636 0
1/06/2018 1,743 1,446
1/05/2018 751 1,309
1/04/2018 1,162 1,174
1/03/2018 875 991
1/02/2018 1,413 754
1/01/2018 1,497 502
1/12/2017 -1,497 278
1/11/2017 165 123
1/10/2017 162 83
1/09/2017 889 182
1/08/2017 246 379
1/07/2017 79 673
1/06/2017 1,034 968
1/05/2017 1,911 1,316
1/04/2017 -254 1,853
1/03/2017 2,396 2,432
1/02/2017 3,119 2,855
1/01/2017 1,655 2,911
1/12/2016 4,692 2,526
1/11/2016 2,246 1,712
1/10/2016 -1,082 593
1/09/2016 -526 -566
1/08/2016 -1,891 -1,497
1/07/2016 -1,955 -2,075
1/06/2016 -3,150 -2,308
1/05/2016 -2,163 -2,355
1/04/2016 -1,916 -2,473
1/03/2016 -2,636 -2,713
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