Australia Trade Deficit Narrows in June


Australian trade gap narrowed to AUD 1683 million in June of 2014 from a revised AUD 2043 million deficit in May as exports remained flat and imports continued to fall.

In seasonally adjusted term, exports of goods and services rose AUD 125 million to AUD 26,620 million from AUD 26,495 a month ago. In June, sales of rural goods increased AUD 135 million to AUD 3,332 million due to rise of shipments of other rural (up 9 percent to AUD 130 million). Exports of non-rural goods fell AUD 116 million to AUD 17,248 million with metal ores and minerals (down 7 percent) and transport equipment (down 14 percent) declining the most. Partly offseting the fall were sales of other mineral fuels (up 14 percent) and metal excluding non-monetary gold (up 26 percent). Shipments of non-monetary gold rose AUD 68 million and net exports of goods under merchanting rose by 100 percent to AUD 1 million .
 
Imports of goods and services fell AUD 235 million to AUD 28,302 million from AUD 28,537 million in a month earlier. Purchasing of consumption goods fell AUD 85 million to AUD 6,890 million; mostly contributing to the decline were food and beverages, consumption goods  and non-industrial transport equipment (down by  2 percent). Inbound shipments of capital goods fell AUD 174 million due to, among other, a fall in civil aircraft and confidentialised items (down 14 percent) and telecommunication equipment (down 9 percent). Imports of non-monetary gold decreased AUD 14 million to AUD 332 million. Intermediate and other merchandise goods rose AUD 10 million and imports of services  increased AUD 29 million.
 

Australia Trade Deficit Narrows in June


ABS l Rida l rida@tradingeconomics.com
8/5/2014 9:33:09 AM