Australia Trade Deficit Widens in August


Australia reported a trade gap of $3.10 billion in August 2015, an increase of 11 percent from an upwardly revised $2.79 billion deficit in July 2015 and missing market consensus, as exports remained flat while imports rose.

Between July and August 2015, in seasonally adjusted terms, exports of goods and services fell $130 million to $26,509 million. Non-monetary gold fell $316 million (-19 percent). Rural goods rose $96 million (+3 percent) and non-rural goods rose $77 million. Net exports of goods under merchanting remained steady at $36 million. Services credits rose $13 million.

Between July and August 2015, imports rose rose $173 million (1 percent) to $29,604 million. Consumption goods rose $139 million (+2 percent), intermediate and other merchandise goods rose $67 million (+1 percent) and non-monetary gold rose $26 million (+8 percent). Capital goods fell $30 million (+1 percent). Services debits fell $29 million.

Australia Trade Deficit Widens in August


ABS l Rida Husna | rida@tradingeconomics.com
10/6/2015 10:24:52 AM