Australia Trade Deficit Widens in February


Australia reported a trade gap of AUD3.41 billion in February of 2016, an increase of 8.0 percent from an upwardly revised AUD3.16 billion deficit in a month earlier and missing market expectations, as exports fell while imports remained unchanged.

Between January and February 2016, in seasonally adjusted terms, goods and services exports fell AUD308 million (-1 percent) to AUD 25,265 million. Non-rural goods rose AUD232 million (+2 percent. Non-monetary gold fell AUD290 million (-20 percent and rural goods fell AUD200 million (-5 percent). Net exports of goods under merchanting remained steady at AUD40 million and services credits fell AUD50 million (-1 percent).

Goods and services debits fell AUD54 million to AUD28,487 million. Intermediate and other merchandise goods fell AUD269 million (-3 percent). Consumption goods rose AUD272 million (+3 percent), non-monetary gold rose AUD23 million (+7 percent) and capital goods rose AUD23 million. Services imports fell AUD102 million (-2 percent).

Australia Trade Deficit Widens in February


ABS l Rida Husna | rida@tradingeconomics.com
4/5/2016 3:37:56 AM