Australia Trade Deficit Narrows in November


Australia reported a trade gap of $2.90 billion in November 2015, a decrease of 11 percent from a downwardly revised $3.25 billion deficit in a month earlier and below market expectations, as exports rose while imports fell.

Between October and November 2015, in seasonally adjusted terms, exports of goods and services rose $160 million (+1 percent) to $26,764 million. Rural goods rose $554 million (+15 percent). Non-monetary gold fell $216 million (-15 percent) and non-rural goods fell $214 million (-1 percent). Net exports of goods under merchanting remained steady at $14 million. Services exports rose $35 million (+1 percent).

Between October and November 2015, imports fell $182 million (-1 percent) to $29,670 million. Intermediate and other merchandise goods fell $165 million (-2 percent) and non-monetary gold fell $157 million (-36 percent). Capital goods rose $67 million (+1 percent) and consumption goods rose $63 million (+1 percent). Services debits rose $9m.

Australia Trade Deficit Narrows in November


ABS l Rida Husna | rida@tradingeconomics.com
1/7/2016 12:58:11 AM