Australia Trade Deficit Largest in 6 Months in December

Australia reported a trade gap of AUD 3.54 billion in December of 2015, an increase of 30 percent from a downwardly revised AUD 2.73 billion deficit in a month earlier and missing market expectations. It is the largest deficit since June, as exports fell more than imports.
ABS | Rida Husna | rida@tradingeconomics.com 2/3/2016 11:23:35 AM
Between November and December 2015, in seasonally adjusted terms, goods and services exports fell AUD 1,243 million (-5 percent) to AUD 25,247 million. Non-rural goods fell AUD 1,078 million (-7 percent) and rural goods fell AUD 392 million (-9 percent). Non-monetary gold rose AUD 121 million (+10 percent). Net exports of goods under merchanting remained steady at AUD 14 million. Services credits rose AUD 108 million (+2 percent).

Goods and services imports fell AUD 434 million (-1 percent) to AUD 28,782 million. Intermediate and other merchandise goods fell AUD 399 million (-4 percent), capital goods fell AUD 176 million (-3 percent) and consumption goods fell AUD 57 million (-1 percent). Non-monetary gold rose AUD 108 million (+39 percent). Services debits rose AUD 89 million (+1 percent).

From January to December 2015, the country posted a non-seasonally adjusted AUD 33.5 billion trade deficit, an increase of 239 percent from a AUD 9.9 billion gap recorded in 2014.

Australia Trade Deficit Largest in 6 Months in December