Australia Trade Deficit at Record High


Australia reported a trade gap of $3.89 billion in April 2015, an increase of 216 percent from a revised $1.23 billion deficit in March 2015 and touching a record high, as exports fell while imports rose.

Between March and April 2015, in seasonally adjusted terms, exports of goods and services fell $1,561 million (-6 percent) to $25,659 million. Non-rural goods fell $1,271 million (-8 percent), partly driven by coal, coke and briquette, down $859 million (-22 percent) as a result of the temporary closure of ports due to severe weather. Non-monetary gold declined $306 million -(22 percent), rural goods fell $31 million (-1 percent) and net exports of goods under merchanting fell $5 million (-15 percent). Services credits rose $52 million (+1 percent).

Between March and April 2015, imports rose $1,096 million (4 percent) to $29,547 million. Capital goods rose $546 million (+10 percent), driven by imports of machinery and industrial equipment, up $1,232 million (69 percent). Intermediate and other merchandise goods rose $371 million (+4 percent) and consumption goods rose $314 million (+4 percent). Non-monetary gold fell $91 million (-24 percent). Services debits fell $43 million (-1 percent).

Australia Trade Deficit at Record High


ABS l Rida Husna l rida@tradingeconomics.com
6/4/2015 9:54:29 AM