Australia Trade Deficit Narrows in May


Australia reported a trade gap of $2.75 billion in May 2015, a decrease of 33 percent from a revised $4.14 billion deficit in April 2015, as exports grew while imports fell.

Between April and May 2015, in seasonally adjusted terms, exports of goods and services rose $206 million (+1 percent) to $25,528 million. Non-rural goods rose $313 million (+2 percent), and rural goods rose $164 million (+4 percent). Non-monetary gold fell $286m (-26 percent). Net exports of goods under merchanting remained steady at $32 million. Services credits rose $16 million.

Between April and May 2015, imports fell $1,179 million (-4 percent) to $28,279 million. Capital goods fell $1,065 million (-18 percent), intermediate and other merchandise goods fell $113 million (-1 percent) and consumption goods fell $28million. Non-monetary gold rose $89 million (+31 percent). Services debits fell $61 million (-1 percent)

Australia Trade Deficit Narrows in May


ABS l Rida Husna l rida@tradingeconomics.com
7/2/2015 3:25:27 AM