Australia's export prices declined by 2.1% qoq in Q1 of 2024, shifting from a 5.6% jump in Q4. Main contributors to the fall were: crude fertilizers and minerals (-58.1%), due to surplus supply in the lithium market; metalliferous ores and metal scrap (-1.6%), as supplies of iron ore outpaced demand due to the weaker Chinese construction sector, further exacerbated by high inventory levels at Chinese ports; gas, natural and manufactured (-1.0%), weighed by oil price contracts picking up falls in oil prices in late 2023 and weaker global demand, and coal, coke, and briquettes (-0.8%), rattled by falls in thermal coal as a warmer than expected northern hemisphere winter reduced restocking demand. Offsetting the decrease was gold, non-monetary (3.5%); and meat and meat preparations (1.8%), led by rising demand for sheep meat from North America and drought in the US causing beef supply shortages. Through the year to Q1, export prices shrank by 8.3%, much steeper than a 4.8% fall in Q4. source: Australian Bureau of Statistics

Export Prices MoM in Australia decreased to -2.10 percent in the first quarter of 2024 from 5.60 percent in the fourth quarter of 2023. Export Prices MoM in Australia averaged 1.30 percent from 1974 until 2024, reaching an all time high of 16.10 percent in the second quarter of 2010 and a record low of -20.60 percent in the second quarter of 2009. This page includes a chart with historical data for Australia Export Prices QoQ. Australia Export Prices QoQ - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.

Export Prices MoM in Australia decreased to -2.10 percent in the first quarter of 2024 from 5.60 percent in the fourth quarter of 2023. Export Prices MoM in Australia is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Export Prices QoQ is projected to trend around 1.40 percent in 2025 and 0.50 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-01 12:30 AM
Export Prices QoQ
Q4 5.6% -3.1% 2.5%
2024-04-26 01:30 AM
Export Prices QoQ
Q1 -2.1% 5.6% -0.3%
2024-08-01 01:30 AM
Export Prices QoQ
Q2 -2.1% 0.8%


Related Last Previous Unit Reference
Commodity Prices YoY -15.30 -15.30 percent Mar 2024
CPI 137.40 136.10 points Mar 2024
Core Consumer Prices 136.04 134.69 points Mar 2024
RBA Trimmed Mean CPI YoY 4.00 4.20 percent Mar 2024
CPI Housing Utilities 148.60 147.50 points Mar 2024
CPI Transportation 131.20 130.50 points Mar 2024
Export Prices 169.50 173.10 points Mar 2024
Export Prices -2.10 5.60 percent Mar 2024
Food Inflation 3.80 4.50 percent Mar 2024
GDP Chain Price Index 108.50 106.30 points Dec 2023
GDP Deflator 109.13 107.85 points Dec 2023
Import Prices 131.70 134.10 points Mar 2024
Import Prices -1.80 1.10 percent Mar 2024
Consumer Inflation Expectations 4.60 4.30 percent Apr 2024
Inflation Rate YoY 3.60 4.10 percent Mar 2024
Inflation Rate 1.00 0.60 percent Mar 2024
TD-MI Inflation Gauge MoM 0.10 -0.10 percent Mar 2024
Monthly CPI Indicator 3.50 3.40 percent Mar 2024
PPI 0.90 0.90 percent Mar 2024
Producer Prices 129.40 128.20 points Mar 2024
PPI YoY 4.30 4.10 percent Mar 2024
Rent Inflation 7.80 7.30 percent Mar 2024
Services Inflation 4.30 4.60 percent Mar 2024
RBA Trimmed Mean CPI 1.00 0.80 percent Mar 2024
RBA Weighted Median CPI 1.10 0.90 percent Mar 2024
RBA Weighted Median CPI YoY 4.40 4.40 percent Mar 2024

Australia Export Prices QoQ
In Australia, Export Prices correspond to the rate of change in the prices of goods and services sold by residents of that country to foreign buyers. Export Prices are heavily affected by exchange rates.
Actual Previous Highest Lowest Dates Unit Frequency
-2.10 5.60 16.10 -20.60 1974 - 2024 percent Quarterly
NSA

News Stream
Australia Q1 Export Prices Fall 2.1% QoQ
Australia's export prices declined by 2.1% qoq in Q1 of 2024, shifting from a 5.6% jump in Q4. Main contributors to the fall were: crude fertilizers and minerals (-58.1%), due to surplus supply in the lithium market; metalliferous ores and metal scrap (-1.6%), as supplies of iron ore outpaced demand due to the weaker Chinese construction sector, further exacerbated by high inventory levels at Chinese ports; gas, natural and manufactured (-1.0%), weighed by oil price contracts picking up falls in oil prices in late 2023 and weaker global demand, and coal, coke, and briquettes (-0.8%), rattled by falls in thermal coal as a warmer than expected northern hemisphere winter reduced restocking demand. Offsetting the decrease was gold, non-monetary (3.5%); and meat and meat preparations (1.8%), led by rising demand for sheep meat from North America and drought in the US causing beef supply shortages. Through the year to Q1, export prices shrank by 8.3%, much steeper than a 4.8% fall in Q4.
2024-04-26
Australia Export Prices Rebound in Q4
Australia's export prices increased by 5.6% on quarter in the three months to December 2023, recovering from a 3.1% fall in the three months to September. This was the first quarter expansion in export prices in three quarters, amid rising demand from China and accelerating commodity prices. Main contributors to the growth were: metalliferous ores and metal scrap (+9.7%), due to higher industrial activity in China, driving increased demand for Australian iron ore; coal, coke, and briquettes (+11.6%), as global demand rose for metallurgical coal for use in steelmaking; gas, natural and manufactured (+3.2%), driven by the rise in oil prices in Q3 2023; and gold, non-monetary (+2.9%). The increase was partially offset by crude fertilizers and minerals (-19.1%), driven by surplus global supplies of lithium as production grew in Australia, Chile, China, and Argentina; and dairy products and eggs (-14.8%). Through the year to Q4, export prices shrank by 4.8%, after a 10.7% plunge in Q3.
2024-02-01
Australia Export Prices Drop for 2nd Quarter
Australia's export prices shrank by 3.1% on quarter in the three months to September 2023, after an 8.5% drop in the three months to June. This was the second straight quarter of decline in export prices, amid weakening demand and moderating commodity prices. Main contributors to the decline were: coal, coke & briquettes (-11.3%), driven by improved global supplies of thermal coal and reduced demand for metallurgical coal; crude fertilizers and minerals (-29.0%), dragged by a fall in lithium prices; oilseeds (-22.7%), boosted by drops in the prices of both canola and soybean oils; cereals and cereal preparations (-9.6%), and non-ferrous metals (-4.8%). The decline was partially offset by sugars and honey (+11.0%), driven by lower production and high crude oil prices; metalliferous ores and metal scrap (+3.9%), due to Chinese steelmakers ramping up production over expectations. Through the year to Q3, export prices slumped by 10.7%, following an 11.2% plunge in Q2.
2023-10-26