Australian Trade Deficit Down to 8-Month Low in November



In November, Australia's seasonally adjusted trade balance on goods and services registered a deficit of A$118M, a decrease of A$240M (67%) on the deficit in October. Exports grew A$94M (1%) to A$27.4B and imports fell A$146M (1%) to A$27.5B.

Shipments of rural goods rose A$18M (1%) and non-rural goods grew A$122M (1%). Sales of non-monetary gold rose A$39M (3%) and net exports of goods under merchanting remained steady at A$44M. Services credits were up A$45M (1%).

Purchases of consumption goods fell A$127M (2%) and non-monetary gold fell A$42M (12%). Intermediate and other merchandise goods remained steady at A$9.6B. Services debits fell A$48M (1%).

Australian Trade Deficit Down to 8-Month Low in November


ABS | Nuno Fontes | nuno@tradingeconomics.com
1/7/2014 8:50:20 AM