Australia Posts Smallest Trade Deficit in A Year


Australia reported a trade gap of AUD2.16 billion in March of 2016, a decrease of 29.0 percent from a downwardly revised AUD3.04 billion deficit in February and below market expectations. It is the smallest trade deficit since March 2015 as exports rose more than imports.

Between February and March 2016, in seasonally adjusted terms, goods and services credits rose AUD1,084 million (+4 percent) to AUD26,529 million. Non-monetary gold rose AUD659 million (+58 percent) and non-rural goods rose AUD356 million (+2 percent). Rural goods fell AUD85 million (-2 percent) and net exports of goods under merchanting fell AUD1 million (-3 percent). Services credits rose AUD155 million (+3 percent).

Goods and services debits rose AUD203 million (+1 percent) to AUD28,692 million. Non-monetary gold rose AUD122 million (+33 percent), capital goods rose AUD94 million (+2 percent) and intermediate and other merchandise goods rose AUD50 million (+1 percent). Consumption goods fell AUD177 million (-2 percent). Services debits rose AUD114 million (+2 percent).

Australia Posts Smallest Trade Deficit in A Year


ABS l Rida Husna | rida@tradingeconomics.com
5/5/2016 3:15:33 AM