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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 2021, Australia's trade balance was $9,423 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.

 

Australia's trade balance over time chart. Data 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 & services (sa) Balance on goods & services (trend)
1/11/2021 9,423 0
1/10/2021 10,781 0
1/09/2021 11,552 0
1/08/2021 13,361 0
1/07/2021 13,654 0
1/06/2021 11,621 0
1/05/2021 10,118 0
1/04/2021 9,128 0
1/03/2021 6,755 0
1/02/2021 8,381 0
1/01/2021 10,029 0
1/12/2020 7,779 0
1/11/2020 5,295 0
1/10/2020 6,573 0
1/09/2020 5,957 0
1/08/2020 2,935 0
1/07/2020 4,517 0
1/06/2020 7,387 0
1/05/2020 6,970 0
1/04/2020 7,956 0
1/03/2020 10,296 0
1/02/2020 2,614 0
1/01/2020 4,722 0
1/12/2019 5,646 0
1/11/2019 5,573 0
1/10/2019 4,247 0
1/09/2019 6,630 0
1/08/2019 6,647 0
1/07/2019 8,367 0
1/06/2019 8,182 0
1/05/2019 6,208 0
1/04/2019 4,504 0
1/03/2019 3,789 0
1/02/2019 4,094 4,443
1/01/2019 4,310 3,942
1/12/2018 4,853 3,557
1/11/2018 2,127 3,199
1/10/2018 2,594 2,819
1/09/2018 3,317 2,474
1/08/2018 1,970 2,168
1/07/2018 2,232 1,816
1/06/2018 1,535 1,464
1/05/2018 579 1,079
1/04/2018 1,137 670
1/03/2018 44 299
1/02/2018 265 19
1/01/2018 623 -127
1/12/2017 -1,208 -96
1/11/2017 -123 62

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