Australia Trade Deficit Widens in September


Australian trade gap increased sharply to AUD 2261 million in September of 2014 from a revised AUD 1013 million gap a month earlier, as growth in imports far exceeded the pace of exports. The shortfall came in far above market forecasts, reaching the highest since November of 2012.

In seasonally adjusted terms, exports of goods and services rose AUD 269 million to AUD 26,457 million in September over August. Sales of rural goods increased AUD 74 million to AUD 3290 million. The main component contributing to the rise were meat and meat preparation (+5 percent) and wool and sheepskins (+7 percent). Exports of non-rural goods fell AUD 443 million to AUD 16639 million. The main component contributing to the fall were metal ores and minerals and coal, coke and briquettes (-6 percent respectively). Partly offsetting these fals were other mineral fuels (+5 percent) and metal, excluding non-monetary gold (+8 percent). Shipments of non-monetary gold rose AUD 585 million (60 percent) to AUD 1555 million. Exports of services increased AUD 1 million to AUD 4962 million. The main component contributing to the rise were travel and other services (+1 percent respectively). Net exports of goods under merchanting rose AUD 2 million (25 percent) and those of non-rural goods fell AUD 443 million (3 percent).

Imports of goods and services increased AUD 1517 million to AUD 28718 million in September from AUD 27159 million in a month earlier. Purchases  for intermediate and other merchandise goods rose AUD 974 million (11 percent) with fuels and lubricant became the main components contributing to the rise (up AUD 904 million or +31 percent). Imports of consumption goods rose AUD 186 million (3 percent) with non-industrial transport equpment was the main component contributing to the rise (up AUD 117 million or +7 percent). Purchase of capital goods  rose AUD 178 million (3 percent) to AUD 5378 million. The main component contributing to the rise were machinery and industrial equipment (up AUD 238 million or +15 percent) and ADP equipment (up AUD 90 million or +13 percent). Partly offsetting these rises was civil airctaft and confidentialised items, which down AUD 134 million or -15 percent. Imports of non-monetary gold rose AUD 135 million (59 percent). Purchases of services increased AUD 43 million (1 percent) to AUD 5849 million with the main components contributing to the rise were travel (up AUD 24 million or +1 percent) and transport ( up AUD 23 million or +2 percent).

Australia Trade Deficit Widens in September


ABS l Rida l rida@tradingeconomics.com
11/4/2014 10:40:04 AM