Australia Trade Deficit Widens in June

Australia reported a trade gap of $2.93 billion in June 2015, an increase of 10 percent from a revised $2.68 billion deficit in May 2015 and slightly above market consensus as imports grew more than exports.
ABS l Rida Husna l rida@tradingeconomics.com 8/5/2015 3:55:33 PM
Between May and June 2015, in seasonally adjusted terms, exports of goods and services rose $830 million (+3 percent) to $26,348 million. Non-rural goods rose $590 million (+4 percent) and rural goods fell $23 million (+1 percent). Non-monetary gold rose $231 million (+28 percent). Net exports of goods under merchanting remained steady at $32 million. Services credits rose $32 million (+1 percent).

Between May and June 2015, imports rose $1,086 million (+4 percent) to $29,281 million. Intermediate and other merchandise goods rose $957 million (+10 percent) and consumption goods rose $80m (1 percent). Capital goods fell $42 million (-1 percent) and non-monetary gold fell $19 million (-5 percent). Services debits rose $109 million (+2 percent).

Australia Trade Deficit Widens in June