International trade

• The seasonally adjusted balance on goods decreased $675m in September.
• Goods credits (exports) fell $1.8b (4.3%) driven by Other mineral fuels.
• Goods debits (imports) fell $1.1b (3.1%) driven by Fuels and lubricants.

• The current account balance, seasonally adjusted, declined $4,436m to a deficit of $10,725m.
• The capital and financial account surplus was $9,247m, a decrease of $437m on the March quarter 2024 surplus. 
• The net international investment liability position was $719,994m at 30 June 2024.

• Australia’s IIP was a liability of $836.6b at 31 December 2023, a decline of $107.5b from the end of 2022.
• Foreign investment in Australia rose $62.8b to $4,659.5b.
• Australian investment abroad rose $170.3b to $3,822.9b.

• Australia's balance on goods and services was a surplus of $144,309m in 2023
• Total goods and services exports rose $1,770m (0.3%) to $671,077m
• Total goods and services imports rose $13,470m (2.6%) to $526,768m

• Australia's trade balance on goods and services was a surplus of $158,873m in the 2022-23 financial year
• Total goods and services exports rose $93,689m (15.8%) to $686,041m
• Total goods and services imports rose $81,971m (18.4%) to $527,168m

In 2020-21:

• The number of importers increased by 23%, to 320,502
• The merchandise imports value increased by 3%, to $309 billion.
• The number of business importers increased by 6%, to 124,507.
• 56% of business importers traded at least once with China.

As at March 31 2022:

• Australian resident enterprises had a net asset foreign currency balance sheet exposure of $2,389.9b.
• An increase of $1,328.8b (125.2%) from 31 March 2017.
• This is after taking account of hedging through the use of derivative contracts.

• The number of exporters increased marginally to 56,274.
• The total value of merchandise exports reached a record high of $382b.
• 62% of all exporters were small exporters.
• The mining industry was the only industry to see an increase in the number of exporters in 2019-20, increasing 4%.

This publication details all import and export commodities, which have been subjected to confidentiality restrictions since 1 January 1988

•    Exports of goods in June 2021 increased $2,889m (8%) to $41,287m
•    Imports of goods in June 2021 increased $2,122m (8%) to $28,015m
•    For June 2021 there is a goods trade surplus of $13,271m (original, current price, merchandise trade basis)

• Australian enterprises own 5,176 foreign affiliates.
• Australian owned foreign affiliates total number of employees were 412,000.
• Australian owned foreign affiliates total sales of goods and services were $213,044m.
• Total assets of all Australian owned foreign affiliates were $1,956,303m.