Australia Trade Deficit Widens in October


Australia reported a trade deficit of AUD 1.54 billion in October of 2016, an increase of 21 percent from an upwardly revised AUD 1.27 billion deficit in September. Figure came below market expectations of a AUD 0.80 billion gap, as exports rose less than imports.

Between September and October 2016, in seasonally adjusted terms, goods and services exports rose  AUD 0.39 billion (+1 percent) to AUD 27.63 billion. Non-rural goods rose AUD 0.22 billion (+1 percent) and non-monetary gold rose AUD 0.2 billion (+13 percent). Rural goods fell AUD 0.15 billion (-4 percent) and net exports of goods under merchanting fell AUD 0.003 billion (-6 percent). Services credits rose AUD 0.12 billion (2 percent).

Goods and services imports rose AUD 0.6 billion (+2 percent) to AUD 29.17 billion. Capital goods rose AUD 0.49 billion (+10 percent), consumption goods rose AUD 0.1 billion (+1 percent) and intermediate and other merchandise goods rose AUD 0.097 billion (+1 percent). Non-monetary gold fell AUD 0.16 billion (-26 percent). Services debits rose AUD 0.14 billion (+2 percent).

Australia Trade Deficit Widens in October


ABS l Rida Husna | rida@tradingeconomics.com
12/8/2016 12:53:28 AM