Australia Trade Deficit Narrows in July

Australia reported a trade gap of AUD 2.41 billion in July of 2016, a decrease of 26 percent from an upwardly revised AUD 3.25 billion deficit in June while market estimates a deficit of AUD 2.80 billion. It was the smallest trade deficit since May as exports rose while imports were flat.
ABS l Rida Husna | rida@tradingeconomics.com 9/8/2016 12:30:20 PM
Between June and July 2016, in seasonally adjusted terms, goods and services exports rose AUD 0.79 billion (+3 percent) to AUD 26.43 billion. Non-monetary gold rose  AUD 0.92 billion (+62 percent), rural goods rose  AUD 0.042 billion (+1 percent) and net exports of goods under merchanting rose AUD 0.006 billion (+21 percent). Non-rural goods fell  AUD 0.249 billion (-2 percent). Services credits rose  AUD 0.008 billion.

Goods and services debits fell AUD 0.122 billion to AUD 28.84 billion. Consumption goods fell AUD 0.51 billion (-6 percent). Intermediate and other merchandise goods rose AUD 0.23 billion (+3 percent), capital goods rose  AUD 0.078 billion (+2 percent) and non-monetary gold rose AUD 0.03 billion (+6 percent). Services debits rose AUD 0.05 billion (+1 percent).

Australia Trade Deficit Narrows in July