Track AU Goods Trade Balance to gauge export impact on AUD valuation and domestic production.
The demand for exports is closely tied to the demand for currency, as foreign buyers need to purchase the domestic currency to pay for exports. This demand for exports also influences production and pricing among domestic manufacturers. As of November 2023, the source has shifted from reporting the balance of goods and services to focusing solely on the balance of goods. A positive figure indicates that exports exceeded imports.
What it Measures
This indicator reflects the disparity in value between goods imported and exported in the specified month.
Usual Effect
If the actual figure exceeds the forecast, it is typically seen as favorable for the currency.
Source & Frequency
Australian Bureau of Statistics (latest release) - https://www.abs.gov.au/ • This data is released monthly, approximately 35 days following the conclusion of the month.
How Data is Derived
N/A
Also Known As
International Trade in Goods
Acronym
N/A