
Goods and services produced domestically that are sold or awaiting sale outside of Australia . As one of the world's largest exporters of gold and metal commodities, Australia relies heavily on its exports to fuel economic growth. For this reason Exports is one of eight components used to construct the Conference Board Leading Index, a widely used index to forecast Australia 's economic health. The headline number is the value of Exports for the given time period.
The value of Exports is an important input in calculations of the important Trade Balance and the Current Account. Exports are rarely considered in isolation. Rather, they are most often analyzed in comparison to Imports. Generally, high exports indicate a country's goods are seen as desirable abroad, which signals that this country's currency is relatively weak (cheap) compared to that of its trading partners and may appreciate in the future due to robust demand.
Relevance :
Tends to move markets on release
Release schedule : 1:30 (GMT); monthly, in the fifth week following the reporting month.
Revisions schedule : Monthly
Source of report : Australian Bureau of Statistics
Web Address : http://www.abs.gov.au/
Address of release : http://www.abs.gov.au/ausstats/abs%40.nsf/mf/5368.0
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