Australia Trade Deficit Largest in 6 Months


Australia reported a trade gap of $3.30 billion in October 2015, an increase of 38 percent from a downwardly revised $2.40 billion deficit in a month earlier and below market expectations. It is the largest deficit since April as exports fell while imports remained unchanged.

Between September and October 2015, in seasonally adjusted terms, exports of goods and services fell $829 million (-3 percent) to $26,594 million. Non-rural goods fell $544 million (-3 percent), rural goods fell $161 million (-4 percent), non-monetary gold fell $115 million (-8 percent) and net exports of goods under merchanting fell $16 million (-43 percent). Services credits rose $8 million.

Between September and October 2015, imports rose $74 million to $29,900 million. Intermediate and other merchandise goods rose $268 million (+3 percent) and capital goods rose $243 million (+4 percent). Consumption goods fell $349 million (-4 percent) and non-monetary gold fell $69 million (-14 percent). Services debits fell $20 million.

Australia Trade Deficit Largest in 6 Months


ABS l Rida Husna | rida@tradingeconomics.com
12/3/2015 4:53:36 AM