Merchandise Trade Balance in Australia
In the year 2024, the merchandise trade balance in Australia was USD 44.74 billion, compared to USD 1.88 billion in 2014 and USD 83.62 billion in 2023. It averaged USD 38.39 billion over the last decade. For more trade information, visit our dedicated page.
Australia Trade Chart
Note: This chart displays Trade Balance (USD billion) for Australia from 2024 to 2021.
Source: Macrobond.
Australia Trade Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 47.6 | 39.8 | 86.0 | 112.2 | 83.6 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Australian trade projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Australian trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Australian trade projections.
Want to get access to the full dataset of Australian trade forecasts? Send an email to info@focus-economics.com.