Australian Trade Deficit Widens in January

Australia reported a trade gap of $980m in January 2015, an increase of 95 percent on the deficit in December 2014 as imports grew faster than exports.
ABS | anna@tradingeconomics.com 3/5/2015 12:43:42 AM
Between December 2014 and January 2015, in seasonally adjusted terms, exports of goods and services rose $343m (1%) to $27,529m. Non-rural goods rose $398m (2%) and non-monetary gold rose $29m (2%). Rural goods fell $70m (2%) and net exports of goods under merchanting fell $10m (23%). Services credits fell $4m.

Between December 2014 and January 2015, imports rose $820m (3%) to $28,509m. Intermediate and other merchandise goods rose $346m (4%), capital goods rose $308m (6%) and consumption goods rose $192m (3%). Non-monetary gold fell $28m (10%). Services debits rose $2m.

Australian Trade Deficit Widens in January