Australia Trade Gap Smallest in 14 Months

Australia reported a trade deficit of AUD1.58 billion in April of 2016, a decrease of 20 percent from a downwardly revised AUD1.97 billion gap in March, above market estimates. It was the smallest trade deficit since February 2015 as exports rose while imports fell.
ABS l Rida Husna | rida@tradingeconomics.com 6/2/2016 8:52:06 AM
Between March and April 2016, in seasonally adjusted terms, goods and services exports rose AUD171 million (+1.0 percent) to AUD26,734 million. Rural goods rose AUD157 million (+5.0 percent) and non-monetary gold rose AUD141 million (+8 percent). Non-rural goods fell AUD224 million (-1.0 percent) and net exports of goods under merchanting fell AUD2 million (-5.0 percent). Services credits rose AUD98 million (+2.0 percent).

Goods and services imports fell AUD222 million (-1.0 percent) to AUD28,313 million. Capital goods fell AUD299 million (-6.0 percent) and non-monetary gold fell AUD67 million (-14.0 percent). Consumption goods rose AUD70 million (+1.0 percent) and intermediate and other merchandise goods rose AUD64 million (+1.0 percent). Services imports rose AUD11 million.

Australia Trade Gap Smallest in 14 Months