Australia Trade Gap Smallest in 21 Months


Australia reported a trade deficit of AUD 1.23 billion in September of 2016, a decrease of 35 percent from a downwardly revised AUD 1.89 billion deficit in August and below market estimates of a AUD 1.70 billion gap. It was the smallest trade deficit since December 2014, as exports rose while imports fell.

Between August and September 2016, in seasonally adjusted terms, goods and services exports rose AUD 0.43 billion (+2 percent) to AUD 27.25 billion. Non-rural goods rose AUD 0.58 billion (+4 percent) and rural goods rose AUD 0.17 billion (+5 percent). Non-monetary gold fell AUD 0.35 (-19 percent). Net exports of goods under merchanting remained steady at AUD 0.047 billion. Services credits rose AUD 0.03 billion.

Goods and services debits fell AUD 0.24 billion (-1 percent) to AUD 28.48 billion. Consumption goods fell AUD 0.2 billion (-3 percent), non-monetary gold fell AUD 0.12 billion (-17 percent) and capital goods fell AUD 0.08 billion (-1 percent). Intermediate and other merchandise goods rose AUD 0.18 billion (+2 percent). Services debits rose AUD 0.003 billion.

Australia Trade Gap Smallest in 21 Months


ABS l Rida Husna | rida@tradingeconomics.com
11/3/2016 11:10:57 AM