Australia trade balance for December 2021, exports and imports both up m/m

Exports +1% m/m (prior +2%)Imports +5% (prior +6%) more to come  

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Australian Balance of Trade data (November) AUD9.42bn (vs. AUD10.6bn surplus expected)

 more to come  exports +2% m/mprior -3%imports +6% m/mprior -3%

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Q3 Australian export & import prices both much higher than expected

 Australia terms of trade data for Q3

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Australia preliminary trade balance for December. Exports +16% m/m, imports -9%.

For the y/y figures exports +3% and imports no change, 0%. The prelim data is subject to revision.

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Australia Q3 terms of trade: import prices -3.5% q/q and export prices -5.1%

Both dropping more than expected: – Import Price Index expected -2.0% , prior -1.9% – Export Price Index expected -3.5% , prior -2.4%

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