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