Real Exports of Goods for Australia
NXGRNSAXDCAUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141,227.00
Year-over-Year Change
3.42%
Date Range
7/1/1971 - 1/1/2025
Summary
The 'Real Exports of Goods for Australia' metric measures the volume of Australia's exports of physical goods, adjusted for inflation. This key economic indicator provides insight into Australia's trade performance and international competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the quantity of goods exported from Australia, excluding services. It is a core component of Australia's overall trade balance and reflects the country's production, demand, and exchange rate dynamics. Economists and policymakers use this data to assess trade policy, economic growth, and global market positioning.
Methodology
The data is collected and calculated by the Australian Bureau of Statistics based on surveys of exporting businesses.
Historical Context
Changes in real exports are closely monitored by the Reserve Bank of Australia and government trade agencies to inform macroeconomic and trade policy decisions.
Key Facts
- Australia is one of the world's largest exporters of minerals and agricultural products.
- Real exports accounted for over 20% of Australia's GDP in 2022.
- China is Australia's largest trading partner, receiving over 30% of its goods exports.
FAQs
Q: What does this economic trend measure?
A: The 'Real Exports of Goods for Australia' metric measures the volume or quantity of physical goods exported from Australia, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into Australia's trade performance, international competitiveness, and overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Australian Bureau of Statistics based on surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Changes in real exports are closely monitored by the Reserve Bank of Australia and government trade agencies to inform macroeconomic and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months by the Australian Bureau of Statistics.
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Deposit Money Bank Assets to GDP for Australia
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Citation
U.S. Federal Reserve, Real Exports of Goods for Australia (NXGRNSAXDCAUQ), retrieved from FRED.