Australia's Trade Surplus Widens in August


Australia's trade surplus surged in August as exports of coal and other minerals increased despite concerns of a global slowdown.

The trend estimate of the balance on goods and services was a surplus of $2,656m in August 2011, a rise of $300m on the surplus in July 2011.

In seasonally adjusted terms, the balance on goods and services was a surplus of $3,100m in August 2011, a rise of $1,283m on the surplus in July 2011.

In seasonally adjusted terms, exports rose $2,101m (8%) to $28,366m. Non-rural goods rose $1,547m (9%), non-monetary gold rose $392m (30%) and rural goods rose $165m (6%). Net exports of goods under merchanting remained steady at $4m. Services credits fell $2m.

In seasonally adjusted terms, imports rose $818m (3%) to $25,266m. Intermediate and other merchandise goods rose $610m (7%), consumption goods rose $167m (3%) and non-monetary gold rose $6m (1%). Capital goods fell $122m (3%). Services debits rose $156m (3%).


TradingEconomics.com, Australian Bureau of Statistics
10/4/2011 12:16:49 PM