Australia Trade Deficit Widens in June


Australia reported a trade gap of $2.93 billion in June 2015, an increase of 10 percent from a revised $2.68 billion deficit in May 2015 and slightly above market consensus as imports grew more than exports.

Between May and June 2015, in seasonally adjusted terms, exports of goods and services rose $830 million (+3 percent) to $26,348 million. Non-rural goods rose $590 million (+4 percent) and rural goods fell $23 million (+1 percent). Non-monetary gold rose $231 million (+28 percent). Net exports of goods under merchanting remained steady at $32 million. Services credits rose $32 million (+1 percent).

Between May and June 2015, imports rose $1,086 million (+4 percent) to $29,281 million. Intermediate and other merchandise goods rose $957 million (+10 percent) and consumption goods rose $80m (1 percent). Capital goods fell $42 million (-1 percent) and non-monetary gold fell $19 million (-5 percent). Services debits rose $109 million (+2 percent).

Australia Trade Deficit Widens in June


ABS l Rida Husna l rida@tradingeconomics.com
8/5/2015 3:55:33 PM