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.

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


ABS l Rida Husna | rida@tradingeconomics.com
9/8/2016 12:30:20 PM