Australia Trade Deficit Largest in 5 Months


Australia reported a trade gap of AUD3.19 billion in June of 2016, an increase of 32 percent from an upwardly revised AUD2.42 billion deficit in May and missing market estimates. It was the largest trade deficit since January as exports fell while imports rose.

Between May and June 2016, in seasonally adjusted terms, goods and services exports fell AUD213 million (-1 percent) to AUD25,803 million. Non-monetary gold fell AUD270 million (-15 percent). Rural goods rose AUD35 million (+1 percent) and non-rural goods rose AUD20 million. Net exports of goods under merchanting remained steady at AUD28 million. Services credits rose AUD2 million.

Goods and services imports rose AUD564 million (+2 percent) to AUD28,998 million. Consumption goods rose AUD588 million (+7 percent) and capital goods rose AUD147 million (+3 percent). Intermediate and other merchandise goods fell AUD92 million (-1 percent) and non-monetary gold fell AUD57 million (-10 percent). Services debits fell AUD21 million.

Australia Trade Deficit Largest in 5 Months


ABS l Rida Husna | rida@tradingeconomics.com
8/2/2016 3:06:16 AM