Trade Balance in Australia

Australia Trade Balance | Economic News & Forecasts

Australia - Trade Balance

Australians defied pre-election opinion polls, and handed a surprise victory to the ruling center-right Liberal–National coalition. The coalition secured an absolute majority in the Lower House of Parliament, which will allow Prime Minister Scott Morrison to govern without the support of independents. Its emphasis on improving the economy and its stronger credentials in economic management likely tipped the scales in favor of the conservative coalition. Financial markets breathed a sigh of relief in response; the stock market surged to 11-year highs on Monday, while the AUD climbed on the same day. Elections come amid sluggish economic growth, defined by subdued consumer spending as highlighted by Q1’s weak retail sales. That said, exports were buoyant and wage growth picked up in the same quarter, while consumer sentiment gained some ground in April-May, and there are signs that the housing market may have left the worst behind.

Australia - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)20.3  11.9  -13.1  3.1  11.0  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Australia Trade Balance Chart


Australia Trade
Note: Trade balance in USD bn.
Source: Australia Bureau of Statistics and Met the why particular calculations.

Australia Facts

ValueChangeDate
Bond Yield1.731.47 %May 13
Exchange Rate0.700.05 %May 13
Stock Market6,3810.08 %May 13

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form