Australia Trade Deficit Narrows in March


Australia reported a trade gap of $1.32 billion in March 2015, a decrease of 18 percent from a revised $1.60 billion deficit in February 2015 as exports and imports fell at the similar pace.

Between February and March 2015, in seasonally adjusted terms, exports of goods and services fell $415 million (-2 percent) to $27,217 million. Non-rural goods fell $393 million (-2 percent) and non-monetary gold rose $18 million (1 percent). Rural goods fell $81 million (-2 percent) and net exports of goods under merchanting remained steady at  $34 million. Services credits rose $42 million (1 percent).

Between February and March 2015, imports fell $702 million (-2 percent) to $28,539 million. Intermediate and other merchandise goods fell $385 million (-4 percent), capital goods fell $238 million (-4 percent) and consumption goods fell $208 million (-3 percent). Non-monetary gold rose $14 million (4 percent). Services debits rose $115 million (2 percent).

Australia Trade Deficit Narrows in March


ABS l Rida Husna l rida@tradingeconomics.com
5/5/2015 3:13:19 AM