Australia's export prices dropped by 4.3% qoq in Q3 of 2024, softer than a 5.9% fall in Q2, which was the fastest drop in a year. It was the third straight quarter of decline in export prices, with the main contributors to the decline being metalliferous ores and metal scrap (-8.6%), as ongoing weakness in the Chinese property sector drove lower demand for iron ore; coal, coke, and briquettes (-8.9%), weighed by a fall in global demand for metallurgical coal, an input into steel manufacturing. Offsetting the decrease was gold, non-monetary (4.4%), as high demand from central banks, and ongoing economic uncertainty globally drove gold prices to record high levels; gas, natural, and manufactured (1.9%), as rising Asian LNG demand drove higher spot prices during the quarter. Through the year to Q3, export prices shrank by 6.8%, steeper than a 5.7% drop in Q2. source: Australian Bureau of Statistics

Export Prices MoM in Australia decreased by 4.30 percent in the third quarter of 2024 from -5.90 percent in the second quarter of 2024. Export Prices MoM in Australia averaged 1.24 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 January of 2025.

Export Prices MoM in Australia decreased by 4.30 percent in the third quarter of 2024 from -5.90 percent in the second quarter of 2024. Export Prices MoM in Australia is expected to be 1.70 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
2024-08-01 01:30 AM
Export Prices QoQ
Q2 -5.9% -2.1% 0.8%
2024-10-31 12:30 AM
Export Prices QoQ
Q3 -4.3% -5.9% 1%
2025-01-30 12:30 AM
Export Prices QoQ
Q4 -4.3% 1.7%


Related Last Previous Unit Reference
Commodity Prices YoY -10.70 -10.80 percent Dec 2024
CPI 139.10 138.80 points Sep 2024
Core Consumer Prices 138.25 137.18 points Sep 2024
RBA Trimmed Mean CPI YoY 3.50 4.00 percent Sep 2024
CPI Housing Utilities 150.10 150.30 points Sep 2024
CPI Transportation 129.50 132.40 points Sep 2024
Export Prices 152.70 159.50 points Sep 2024
Export Prices -4.30 -5.90 percent Sep 2024
Food Inflation 3.30 3.30 percent Sep 2024
GDP Chain Price Index 103.00 103.10 points Sep 2024
GDP Deflator 103.70 103.60 points Sep 2024
Import Prices 131.20 133.00 points Sep 2024
Import Prices -1.40 1.00 percent Sep 2024
Consumer Inflation Expectations 4.20 3.80 percent Dec 2024
Inflation Rate YoY 2.80 3.80 percent Sep 2024
Inflation Rate 0.20 1.00 percent Sep 2024
TD-MI Inflation Gauge MoM 0.20 0.30 percent Nov 2024
Monthly CPI Indicator 2.30 2.10 percent Nov 2024
PPI 0.90 1.00 percent Sep 2024
Producer Prices 132.00 130.70 points Sep 2024
PPI YoY 3.90 4.80 percent Sep 2024
Rent Inflation 6.70 7.30 percent Sep 2024
Services Inflation 4.60 4.50 percent Sep 2024
RBA Trimmed Mean CPI 0.80 0.90 percent Sep 2024
RBA Weighted Median CPI 0.90 0.80 percent Sep 2024
RBA Weighted Median CPI YoY 3.80 4.20 percent Sep 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
-4.30 -5.90 16.10 -20.60 1974 - 2024 percent Quarterly
NSA


News Stream
Australia Export Prices Fall for 3rd Quarter
Australia's export prices dropped by 4.3% qoq in Q3 of 2024, slowing from the steepest drop in a year of a 5.9% fall in Q2 while marking the third straight quarter of decline. Main contributors to the decline were metalliferous ores and metal scrap (-8.6%), as ongoing weakness in the Chinese property sector drove lower demand for iron ore; coal, coke, and briquettes (-8.9%), weighed by a fall in global demand for metallurgical coal, an input into steel manufacturing. Offsetting the decrease was gold, non-monetary (4.4%), as high demand from central banks, and ongoing economic uncertainty globally drove gold prices to record high levels; gas, natural, and manufactured (1.9%), as rising Asian LNG demand drove higher spot prices during the quarter. Through the year to Q3, export prices shrank by 6.8%, steeper than a 5.7% drop in Q2.
2024-10-31
Australia Q2 Export Prices Drop the Most in A Year
Australia's export prices shrank by 5.9% qoq in Q2 of 2024, steeper than a 2.1% fall in Q1 and the fastest drop in a year. Main contributors to the decline were metalliferous ores and metal scrap (-9.0%), as ongoing weakness in the Chinese construction sector drove lower demand for iron ore for steel manufacturing; coal, coke, and briquettes (-12.7%), weighed by a fall in global demand for metallurgical coal, an input into steel manufacturing; and gas, natural and manufactured (-7.8%), as oil-indexed contracts reflect lower oil price levels from late 2023 and early 2024. Offsetting the decrease was gold, non-monetary (12.1%), as high demand from central banks, and ongoing economic uncertainty globally drove gold prices to record high levels. Through the year to Q2, export prices fell by 5.7%, softer than an 8.3% plunge in Q1.
2024-08-01
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