Australia trade deficit by country

Overall Australia generated a $58.2 billion surplus in 2019 up by 119.3% from $26.5 billion one year earlier. Based on Investopedia’s definition of net importer, a country whose total value of all imported goods is lower than its value of all exports is said to have a positive trade balance or surplus. Trade surplus by country 2015. Data source: Trade Map, International Trade Centre, www.intracen.org/marketanalysis

Top 20 countries with the largest deficit U.S. trade deficit (in billions, goods and services) by country in 2017 This is a list of the 20 countries and territories with the largest deficit in current account balance (CAB), based on data from 2017 est. as listed in the CIA World Factbook . Australia's trade balance is the difference between what we export and what we import. It is calculated by subtracting the value of the goods and services Australia buys from overseas from the value of the goods and services we sell to other countries. As of December 2019, Australia's trade balance was $5,223 million (seasonally adjusted). The United States has the largest trade deficit in the world. In 2018, the trade deficit of this nation was $621 billion. While the country brought in over $3 trillion in imports, the amount of exports was just $2.5 trillion. The largest exports of the United States were cars, food, and commercial aircraft. Trade deficit by country 2015. Data source: Trade Map, International Trade Centre, www.intracen.org/marketanalysis Australia Exports By Country Value Year; China: $87.73B 2018 Japan: $41.36B 2018 South Korea: $17.75B 2018 India: $12.37B 2018 United States: $9.55B 2018 Australia incurred the highest trade deficits with the following countries. Among Australia’s trading partners that cause the greatest negative trade balances, Australian deficits with the United Kingdom (up 163.7%), Switzerland (up 52.8%) and Singapore (up 46.5%) grew at the fastest pace from 2017 to 2018. The United States has the world's largest trade deficit. It's been that way since 1975. The deficit in goods and services was $621 billion in 2018. Imports were $3.1 trillion and exports were only $2.5 trillion. In 2018, the U.S. trade deficit in goods alone was $891 billion.

Aug 1, 2018 “By contrast Australia's trade surplus with China stands at almost A$38 billion.” A PLUS FOR GROWTH. Liquefied natural gas sales to China and 

Jul 23, 2018 China valued at $183 billion (up 16% on 2016), accounting for 24% of total trade. China remained Australia's largest two-way trading partner,  The Australian Bureau of Statistics confirmed that the bushfires did not result in any impacts to International Trade in Goods and Services statistics for December. Considering 2019 as a whole, the country's trade surplus widened to AUD 67.74 billion from AUD 23.03 billion in 2018. Top 20 countries with the largest deficit U.S. trade deficit (in billions, goods and services) by country in 2017 This is a list of the 20 countries and territories with the largest deficit in current account balance (CAB), based on data from 2017 est. as listed in the CIA World Factbook . Australia's trade balance is the difference between what we export and what we import. It is calculated by subtracting the value of the goods and services Australia buys from overseas from the value of the goods and services we sell to other countries. As of December 2019, Australia's trade balance was $5,223 million (seasonally adjusted). The United States has the largest trade deficit in the world. In 2018, the trade deficit of this nation was $621 billion. While the country brought in over $3 trillion in imports, the amount of exports was just $2.5 trillion. The largest exports of the United States were cars, food, and commercial aircraft. Trade deficit by country 2015. Data source: Trade Map, International Trade Centre, www.intracen.org/marketanalysis Australia Exports By Country Value Year; China: $87.73B 2018 Japan: $41.36B 2018 South Korea: $17.75B 2018 India: $12.37B 2018 United States: $9.55B 2018

Figure 2 also shows the relative trade balances of these countries. In 2014, Australia had a trade deficit of 1.4 per cent of GDP, much less than the US and Japan 

The Chinese, Brazilian, Indian, and United States government budgets are the figures reported by the International Monetary Fund. The table includes information from government's budgets; namely revenues, expenditures and the resulting deficits or surpluses. The countries are ranked by their budget revenues in fiscal year 2016. U.S. trade deficit (in billions, goods and services) by country in 2017. This is a list of the 20 countries and territories with the largest deficit in current account balance (CAB), based on data from 2017 est. as listed in the CIA World Factbook. Australia Exports By Country Value Year; China: $87.73B 2018 Japan: $41.36B 2018 South Korea: $17.75B 2018 India: $12.37B 2018 United States: $9.55B 2018 The trade balance is the value of goods exports minus the value of goods imports. A positive value indicates a trade surplus, a negative value a trade deficit. In 2017, Australia's trade surplus amounted to around 2.49 billion U.S. dollars.

If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, about 60 out of 200 countries have a trade surplus.

The Australian Bureau of Statistics confirmed that the bushfires did not result in any impacts to International Trade in Goods and Services statistics for December. Considering 2019 as a whole, the country's trade surplus widened to AUD 67.74 billion from AUD 23.03 billion in 2018. Top 20 countries with the largest deficit U.S. trade deficit (in billions, goods and services) by country in 2017 This is a list of the 20 countries and territories with the largest deficit in current account balance (CAB), based on data from 2017 est. as listed in the CIA World Factbook .

Australia incurred the highest trade deficits with the following countries. Among Australia’s trading partners that cause the greatest negative trade balances, Australian deficits with the United Kingdom (up 163.7%), Switzerland (up 52.8%) and Singapore (up 46.5%) grew at the fastest pace from 2017 to 2018.

The U.S. goods and services trade surplus with Australia was $29.1 billion in 2018. Australia is currently our 24th largest goods trading partner with $35.4 billion in 

Aug 1, 2018 “By contrast Australia's trade surplus with China stands at almost A$38 billion.” A PLUS FOR GROWTH. Liquefied natural gas sales to China and