Australia Trade Deficit Widens in August

Australia reported a trade gap of $3.10 billion in August 2015, an increase of 11 percent from an upwardly revised $2.79 billion deficit in July 2015 and missing market consensus, as exports remained flat while imports rose.
ABS l Rida Husna | rida@tradingeconomics.com 10/6/2015 10:24:52 AM
Between July and August 2015, in seasonally adjusted terms, exports of goods and services fell $130 million to $26,509 million. Non-monetary gold fell $316 million (-19 percent). Rural goods rose $96 million (+3 percent) and non-rural goods rose $77 million. Net exports of goods under merchanting remained steady at $36 million. Services credits rose $13 million.

Between July and August 2015, imports rose rose $173 million (1 percent) to $29,604 million. Consumption goods rose $139 million (+2 percent), intermediate and other merchandise goods rose $67 million (+1 percent) and non-monetary gold rose $26 million (+8 percent). Capital goods fell $30 million (+1 percent). Services debits fell $29 million.

Australia Trade Deficit Widens in August