Australia Trade Surplus Surges In February


Australia's trade surplus widened 138 percent to AUD 3.57 billion in February of 2017 from an upwardly revised AUD 1.50 billion surplus in January and beating market expectations of AUD 1.8 billion. It was the second-largest surplus on record, as exports rose 1 percent from the prior month while imports fell 5 percent.

Between January and February 2017, goods and services credits rose AUD 0.47 billion (1 percent) to AUD 32.41 billion. Non-monetary gold went up AUD 0.35 billion (33 percent) and non-rural goods increased by AUD 0.24 billion (1 percent). In contrast, rural goods fell  AUD 0.2 billion (-5 percent). Net exports of goods under merchanting remained steady at AUD 41 million. Services credits rose AUD 76 million (1 percent).

Goods and services debits fell  AUD 1.60 billion (-5 percent) to AUD 28.83 billion. Consumption goods declined by AUD 0.86 billion (-10 percent). Also, intermediate and other merchandise goods fell AUD 0.8 billion (-9 percent). In contrast, capital goods rose AUD 77 million (1 percent) and non-monetary gold rose AUD 2 million. Services debits fell AUD 28million.

Australia Trade Surplus Surges In February


ABS l Rida Husna | rida@tradingeconomics.com
4/4/2017 2:41:42 AM