Australia Imports m/m

Country:
Australia
AUD, Australian Dollar
Sector:
Trade
Low 3.2%
-0.9%
Last release Importance Actual Forecast
Previous
3.2%
Next release Actual Forecast
Previous
  • Overview
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Australia Imports m/m reflect a change in the USD value of goods and services purchased by Australian residents from abroad in the reported month. The calculation of the import value in the US currency provides for a proper comparison of Australia's imports with other countries and a correct evaluation of trade statistics. Economists use the indicator to evaluate the structure and intensity of trade flows.

Trade statistics is calculated based on information importing companies provide to government agencies. Data are adjusted before being added to the balance of payment. In practice, export statistics calculation is based on goods that undergo the customs procedure and for which a customs declaration is prepared.

The following groups of goods are excluded from the calculation:

  • Temporary imports of goods not for the purpose of selling (transit goods, art works for exhibition, horses for racing, etc.; items imported to be repaired)
  • Newspapers and periodicals sent to Australia under direct subscription
  • Vehicles intended for the goods and passengers
  • Goods on digital media (movies, audio recordings, online books, etc.)
  • Waste and scrap having no commercial value
  • Some other items

A change in imports volume is one of important factors in assessing the economic development. This indicator is a significant component of the national GDP.

The impact of imports on Australian dollar quotes is ambiguous and depends on the context of business cycles and other economic indicators, such as production dynamics. Generally, Australia residents need to sell the Australian dollar and purchase foreign currency in order to pay to the supplier for import deliveries. Therefore, sharp imports growth can be seen as negative for the national currency quotes. However, the effect of this trade balance component on AUD volatility is usually of a short-term nature.

Last values:

actual data

The chart of the entire available history of the "Australia Imports m/m" macroeconomic indicator.

Date (GMT)
Reference
Actual
Forecast
Previous
Oct 2018
3.2%
-0.9%
Sep 2018
-1.1%
0.1%
Aug 2018
0.4%
0.7%
Jul 2018
0.1%
-0.8%
Jun 2018
-0.7%
3.4%
May 2018
3.0%
0.1%
Apr 2018
0.0%
0.7%
Mar 2018
0.9%
0.1%
Feb 2018
0.4%
-2.4%
Jan 2018
-2.4%
6.2%
Dec 2017
6.0%
1.0%
Nov 2017
1.5%
1.9%
Oct 2017
1.9%
0.2%
Sep 2017
0.2%
-0.5%
Aug 2017
0.0%
-1.0%
Jul 2017
-1.0%
2.0%
Jun 2017
2.0%
1.0%
May 2017
1.0%
-1.0%
Apr 2017
-1.0%
5.0%
Mar 2017
5.0%
-5.0%
Feb 2017
-5.0%
4.0%
Jan 2017
4.0%
1.0%
Dec 2016
1.0%
0.0%
Nov 2016
0.0%
2.0%
Oct 2016
2.0%
-1.0%
Sep 2016
-1.0%
0.0%
Aug 2016
0.0%
0.0%
Jul 2016
0.0%
2.0%
Jun 2016
2.0%
2.0%
May 2016
2.0%
-1.0%
Apr 2016
-1.0%
1.0%
Mar 2016
1.0%
0.0%
Feb 2016
0.0%
-1.0%
Jan 2016
-1.0%
-1.0%
Dec 2015
-1.0%
-1.0%
Nov 2015
-1.0%
0.0%
Oct 2015
0.0%
2.0%
Sep 2015
2.0%
1.0%
Aug 2015
1.0%
0.0%
Jul 2015
0.0%
4.0%
Jun 2015
4.0%
-4.0%
May 2015
-4.0%
4.0%
Apr 2015
4.0%
-2.0%
Mar 2015
-2.0%
2.0%
Feb 2015
2.0%
3.0%
Jan 2015
3.0%
-1.0%
Dec 2014
-1.0%
1.0%
Nov 2014
1.0%
-2.0%
Oct 2014
-2.0%
6.0%
Sep 2014
6.0%
-3.0%

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