Australia Trade Deficit Largest in 5 Months


Australia reported a trade gap of $1.26 billion in February 2015, an increase of 25 percent on the deficit in January 2015. It is the largest shortfall since September 2014, as imports grew faster than exports.

Between January and February 2015, in seasonally adjusted terms, exports of goods and services rose $282 million (1 percent) to $27,874 million. Non-rural goods fell $218 million (1 percent) and non-monetary gold rose $98 million (8 percent). Rural goods rose $390 million (11 percent) and net exports of goods under merchanting remained steady at  $34 million. Services credits rose $11 million.

Between January and February 2015, imports rose $534 million (2 percent) to $29,129 million. Intermediate and other merchandise goods rose $284 million (3 percent), capital goods fell $116 million (2 percent) and consumption goods rose $192 million (3 percent). Non-monetary gold rose $96 million (36 percent). Services debits rose $78 million (1 percent).

Australia Trade Deficit Largest in 5 Months


ABS l Rida Husna l rida@tradingeconomics.com
4/2/2015 9:51:20 AM