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Balance of Trade

The balance of trade is the difference of the value of a country’s exports of goods and services from the value of its imports. If exports are greater than imports, then the country faces trade surplus or if imports are greater than exports, then the country faces trade deficit. This metric is reported on a monthly basis by Australian Bureau of Statistics.

Australian Balance of Trade

In May 2017 the trade surplus increased to AUD2.47 billion from AUD0.09 billion the previous month and surpassing the consensus which was at AUD1.1 billion. This figure was at its historical lows AUD-4.14 billion in 2015 and at its highs of AUD4.51 billion 2016.