Australia Posts Trade Surplus In March


In March of 2013, Australia recorded a trade surplus of 307 million AUD, the country's first surplus in fifteen months.

In seasonally adjusted terms, the balance on goods and services was a surplus of $307m in March 2013, a turnaround of $418m on the deficit in February 2013.

Exports of goods and services rose $148m (1%) to $25,746m. Non-rural goods rose $215m (1%) and rural goods rose $27m (1%). Net exports of goods under merchanting remained steady at $19m. Non-monetary gold fell $114m (9%). Services credits rose $21m.
 
Imports of goods and services fell $270m (1%) to $25,439m. Capital goods fell $574m (11%). Intermediate and other merchandise goods rose $298m (3%), non-monetary gold rose $28m (8%) and consumption goods rose $6m. Services debits fell $27m (1%).
 
Iron ore lump rose $256m (22%), with quantities up 21%. Exports to China rose $253m (35%), with quantities up 36% and unit values down 1%.
 
Iron ore fines rose $585m (16%), with quantities up 17% and unit values down 1%. Exports to China rose $351m (12%), with quantities up 12% and exports to Japan rose $139m (41%), with quantities up 46% and unit values down 4%.
 
Hard coking coal fell $58m (5%), with quantities down 6%. Exports to Netherlands fell $30m (43%), with quantities down 39% and unit values down 6%. Exports to Turkey fell $25m (100%), with quantities down 100%.
 
Semi–soft coal rose $165m (33%), with quantities up 31% and unit values up 1%. Exports to Japan rose $69m (43%), with quantities up 36% and unit values up 6%. Exports to China rose $63m (55%), with quantities up 64% and unit values down 5%.
 
Thermal coal fell $75m (6%), with quantities down 6% and unit values down 1%. Exports to Republic of Korea fell $74m (30%), with quantities down 33% and unit values up 4%.

The sum of seasonally adjusted balances for the three months to March 2013 was a deficit of $946m, a fall of $3,861m (80%) on the deficit of $4,807m for the three months to December 2012.

 

 

Australian Bureau of Statistics | Joana Taborda | joana.taborda@tradingeconomics.com
5/7/2013 3:37:08 PM