Australia Trade Deficit Narrows in July

Australia reported a trade gap of $2.46 billion in July 2015, a decrease of 19 percent from a revised $3.05 billion deficit in June 2015 and beating market consensus, as exports grew while imports remained flat.
ABS l Rida Husna l rida@tradingeconomics.com 9/3/2015 2:54:32 AM
Between June and July 2015, in seasonally adjusted terms, exports of goods and services rose $612 million (+2 percent) to $26,903 million. Non-rural goods fell $9 million and rural goods fell $76 million (+2 percent). Non-monetary gold rose $646 million (+62 percent). Net exports of goods under merchanting rose $49 million (+1 percent). Services credits rose $49 million (+1 percent).

Between June and July 2015, imports rose $23 million to $29,363 million. Capital goods rose $662 million (+13 percent) and consumption goods rose $228 million (+3 percent). Intermediate and other merchandise goods fell $811 million (-8 percent) and non-monetary gold fell $38 million (-11 percent). Services imports fell $18 million.

Australia Trade Deficit Narrows in July