Australian Trade Deficit Widens in January
Australia reported a trade gap of $980m in January 2015, an increase of 95 percent on the deficit in December 2014 as imports grew faster than exports.
Between December 2014 and January 2015, in seasonally adjusted terms, exports of goods and services rose $343m (1%) to $27,529m. Non-rural goods rose $398m (2%) and non-monetary gold rose $29m (2%). Rural goods fell $70m (2%) and net exports of goods under merchanting fell $10m (23%). Services credits fell $4m.
Between December 2014 and January 2015, imports rose $820m (3%) to $28,509m. Intermediate and other merchandise goods rose $346m (4%), capital goods rose $308m (6%) and consumption goods rose $192m (3%). Non-monetary gold fell $28m (10%). Services debits rose $2m.
3/5/2015 12:43:42 AM