International Merchandise Trade Statistics: Exports: Commodities for Australia
XTEXVA01AUM659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.16
Year-over-Year Change
-78.49%
Date Range
1/1/1959 - 5/1/2025
Summary
The 'International Merchandise Trade Statistics: Exports: Commodities for Australia' series measures the total value of goods exported from Australia. This key economic indicator provides insights into Australia's international trade dynamics and 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 captures the monetary value of physical goods exported from Australia to other countries, excluding services. It is an important metric for analyzing Australia's export-oriented economy and its participation in global trade networks.
Methodology
The data is collected by the Australian Bureau of Statistics through surveys of businesses and customs declarations.
Historical Context
Policymakers and analysts use this export data to assess Australia's trade balance, industrial performance, and economic growth.
Key Facts
- Australia is the 13th largest exporter globally.
- Mining and resources account for over half of Australia's exports.
- China is Australia's largest export destination.
FAQs
Q: What does this economic trend measure?
A: This series measures the total monetary value of physical goods exported from Australia to other countries, excluding services.
Q: Why is this trend relevant for users or analysts?
A: This export data provides key insights into Australia's international trade position, industrial performance, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the Australian Bureau of Statistics through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this export data to assess Australia's trade balance, industrial competitiveness, and overall economic performance.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Exports: Commodities for Australia (XTEXVA01AUM659S), retrieved from FRED.