International Trade: Exports: Value (Goods): Total for Australia
XTEXVA01AUQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.22
Year-over-Year Change
17.18%
Date Range
1/1/1960 - 7/1/2023
Summary
This economic trend measures the total value of goods exported from Australia. It is a key indicator of Australia's international trade performance and global economic integration.
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 metric tracks the monetary value of all goods shipped from Australia to other countries. This provides insight into Australia's export-oriented economy and its trade relationships with major global markets.
Methodology
The data is collected and calculated by the Australian Bureau of Statistics based on customs records and surveys.
Historical Context
Policymakers and economists monitor this trend to assess Australia's trade balance, competitiveness, and exposure to international demand fluctuations.
Key Facts
- Australia is the 13th largest exporter globally.
- Exports account for over 20% of Australia's GDP.
- China is Australia's largest export market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of goods exported from Australia to other countries around the world.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Australia's trade performance, global economic integration, and exposure to international demand fluctuations.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Australian Bureau of Statistics based on customs records and surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess Australia's trade balance, competitiveness, and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of several weeks.
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Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Total for Australia (XTEXVA01AUQ188S), retrieved from FRED.