Australia's Trade Surplus Widens in May

Australia's balance of goods and services was a surplus of $2.333 billion in May, seasonally adjusted, compared with an upwardly revised surplus of $1.617 billion in April, the Australian Bureau of Statistics (ABS) said on July 5., Australian Bureau of Statistics 7/5/2011 4:03:51 PM

Exports rose $813m (3%) to $26,258m. Non-monetary gold rose $536m (49%), rural goods rose $172m (6%) and non-rural goods rose $103m (1%). Net exports of goods under merchanting remained steady at $35m. Services credits rose $1m.

Imports rose $97m to $23,926m. Consumption goods rose $204m (4%) and intermediate and other merchandise goods rose $159m (2%). Capital goods fell $347m (8%) and non-monetary gold fell $23m (6%). Services debits rose $104m (2%).