International Trade: Exports: Value (Goods): Total for Australia
XTEXVA01AUA188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.90
Year-over-Year Change
41.71%
Date Range
1/1/1960 - 1/1/2022
Summary
This economic trend measures the total value of goods exported from Australia. It is a key indicator of Australia's trade position 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
The International Trade: Exports: Value (Goods): Total for Australia series tracks the total monetary value of all goods exported from Australia to other countries. This metric is widely used by economists and policymakers to assess Australia's trade balance, export industry performance, and global market share.
Methodology
The data is collected by the Australian Bureau of Statistics through surveys of exporting businesses.
Historical Context
Policymakers and analysts use this export value trend to inform trade, economic, and monetary policies.
Key Facts
- Australia is the 22nd largest exporter in the world.
- Goods exports make up around 20% of Australia's GDP.
- Mining and agriculture are Australia's top export industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all goods exported from Australia to other countries.
Q: Why is this trend relevant for users or analysts?
A: This export value metric is widely used to assess Australia's trade balance, export industry performance, and global market share.
Q: How is this data collected or calculated?
A: The data is collected by the Australian Bureau of Statistics through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this export value trend to inform trade, economic, and monetary policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month lag.
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Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Total for Australia (XTEXVA01AUA188S), retrieved from FRED.