Australia Trade Deficit Narrows in July



Australia reported a trade gap of $2.46 billion in July 2015, a decrease of 19 percent from a revised $3.05 billion deficit in June 2015 and beating market consensus, as exports grew while imports remained flat.

Between June and July 2015, in seasonally adjusted terms, exports of goods and services rose $612 million (+2 percent) to $26,903 million. Non-rural goods fell $9 million and rural goods fell $76 million (+2 percent). Non-monetary gold rose $646 million (+62 percent). Net exports of goods under merchanting rose $49 million (+1 percent). Services credits rose $49 million (+1 percent).

Between June and July 2015, imports rose $23 million to $29,363 million. Capital goods rose $662 million (+13 percent) and consumption goods rose $228 million (+3 percent). Intermediate and other merchandise goods fell $811 million (-8 percent) and non-monetary gold fell $38 million (-11 percent). Services imports fell $18 million.

Australia Trade Deficit Narrows in July


ABS l Rida Husna l rida@tradingeconomics.com
9/3/2015 2:54:32 AM