Australia's Trade Surplus Widened in October


In seasonally adjusted terms, the balance on goods and services was a surplus of $2,625m in October 2010, an increase of $811m on the surplus in September 2010.

The trend estimate of the balance on goods and services was a surplus of $2,446m in October 2010, an increase of $28m on the surplus in September 2010.

In seasonally adjusted terms, exports of goods and services rose $253m (1%) to $24,324m. Non-monetary gold rose $414m (36%) and rural goods rose $181m (8%). Non-rural goods fell $245m (2%) and net exports of goods under merchanting fell $23m (79%). Services credits fell $73m (2%).

In seasonally adjusted terms, imports of goods and services fell $558m (3%) to $21,699m. Intermediate and other merchandise goods fell $411m (5%), consumption goods fell $111m (2%) and non-monetary gold fell $48m (8%). Capital goods rose $5m. Services debits rose $8m.


TradingEconomics.com, Australian Bureau of Statistics
12/2/2010 6:41:26 PM