Australia Posts Smallest Trade Deficit in A Year

Australia reported a trade gap of AUD2.16 billion in March of 2016, a decrease of 29.0 percent from a downwardly revised AUD3.04 billion deficit in February and below market expectations. It is the smallest trade deficit since March 2015 as exports rose more than imports.
ABS l Rida Husna | rida@tradingeconomics.com 5/5/2016 3:15:33 AM
Between February and March 2016, in seasonally adjusted terms, goods and services credits rose AUD1,084 million (+4 percent) to AUD26,529 million. Non-monetary gold rose AUD659 million (+58 percent) and non-rural goods rose AUD356 million (+2 percent). Rural goods fell AUD85 million (-2 percent) and net exports of goods under merchanting fell AUD1 million (-3 percent). Services credits rose AUD155 million (+3 percent).

Goods and services debits rose AUD203 million (+1 percent) to AUD28,692 million. Non-monetary gold rose AUD122 million (+33 percent), capital goods rose AUD94 million (+2 percent) and intermediate and other merchandise goods rose AUD50 million (+1 percent). Consumption goods fell AUD177 million (-2 percent). Services debits rose AUD114 million (+2 percent).

Australia Posts Smallest Trade Deficit in A Year