Australia Trade Deficit Narrows in January


Australia reported a trade gap of AUD2.94 billion in January of 2016, a decrease of 17 percent from a downwardly revised AUD3.52 billion deficit in a month earlier and better than market expectations, as exports rose while imports fell.

Between December 2015 and January 2016, in seasonally adjusted terms, goods and services exports rose AUD266 million (+1 percent) to AUD 25,549 million. Non-rural goods rose AUD184 million (+1 percent) and non-monetary gold rose AUD126 million (+10 percent). Rural goods fell AUD39 million (-1 percent) and net exports of goods under merchanting fell  AUD2 million (-14 percent). Services credits fell AUD2 million.

Goods and services debits fell AUD320 million (-1 percent) to AUD28,487 million. Intermediate and other merchandise goods fell AUD92 million (-1 percent), capital goods fell AUD83 million (-2 percent), consumption goods fell AUD81 million (-1 percent) and non-monetary gold fell AUD37 million (-10 percent). Services debits fell AUD28 million.

Australia Trade Deficit Narrows in January


ABS l Rida Husna | rida@tradingeconomics.com
3/3/2016 1:16:12 AM