Australia Imports m/m

Country:
Australia
AUD, Australian Dollar
Sector:
Trade
Low 0.7%
5.0%
Last release Importance Actual Forecast
Previous
0.7%
Next release Actual Forecast
Previous
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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
Jun 2022
0.7%
5.0%
May 2022
5.8%
-0.8%
Apr 2022
-0.7%
-4.6%
Mar 2022
-4.6%
13.4%
Feb 2022
12.1%
-2.0%
Jan 2022
-1.6%
4.6%
Dec 2021
5.0%
8.3%
Nov 2021
6.3%
-1.8%
Oct 2021
-2.7%
-3.0%
Sep 2021
-1.8%
1.8%
Aug 2021
-1.5%
3.6%
Jul 2021
3.3%
1.0%
Jun 2021
0.8%
2.9%
May 2021
2.9%
-2.7%
Apr 2021
-3.2%
4.5%
Mar 2021
4.3%
4.7%
Feb 2021
5.2%
-2.0%
Jan 2021
-2.3%
-0.8%
Dec 2020
-2.4%
9.3%
Nov 2020
9.7%
2.0%
Oct 2020
0.6%
-6.5%
Sep 2020
-5.9%
1.3%
Aug 2020
2.0%
6.2%
Jul 2020
6.9%
1.3%
Jun 2020
1.3%
-6.7%
May 2020
-6.1%
-6.9%
Apr 2020
-9.8%
-3.4%
Mar 2020
-3.6%
-4.6%
Feb 2020
-4.3%
-2.8%
Jan 2020
-2.8%
2.2%
Dec 2019
2.4%
-2.8%
Nov 2019
-2.8%
0.3%
Oct 2019
0.4%
2.6%
Sep 2019
2.5%
-0.5%
Aug 2019
-0.4%
2.5%
Jul 2019
2.9%
-3.5%
Jun 2019
-3.6%
0.9%
May 2019
1.5%
2.3%
Apr 2019
2.8%
-1.4%
Mar 2019
-1.5%
-0.7%
Feb 2019
-1.1%
3.9%
Jan 2019
3.3%
-5.5%
Dec 2018
-5.7%
1.3%
Nov 2018
1.7%
3.4%
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%

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