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