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.

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


ABS l Rida Husna | rida@tradingeconomics.com
6/2/2016 8:52:06 AM