Australia Reports Trade Surplus in December
Australia posted an unexpected trade surplus of $468m in December 2013, an increase of $385m (464%) on the surplus in November 2013. Exports rose 4% supported by the weakened Aussie dollar, while imports grew 2%.
In seasonally adjusted terms, goods and services exports rose $1,023m (4%) to $28,511m. Non-rural goods rose $897m (5%), rural goods rose $521m (17%) and net exports of goods under merchanting rose $1m (2%). Non-monetary gold fell $373m (28%). Services credits fell $23m.
Goods and services imports rose $638m (2%) to $28,042m. Capital goods rose $238m (4%), consumption goods rose $186m (3%), intermediate and other merchandise goods rose $123m (1%) and non-monetary gold rose $32m (10%). Services debits rose $59m (1%).
In original terms, the balance on goods and services for 2013 was a deficit of $7.2b, a fall of $15.8b (69%) on the deficit of $23.1b recorded in 2012, resulting from a $18.4b (6%) increase in goods and services credits partly offset by a $2.5b (1%) increase in goods and services debits
2/6/2014 1:03:26 AM