Australia Trade Surplus Largest in 4 Months

Australia's trade surplus doubled to AUD 1.75 billion in September of 2017 from a downwardly revised AUD 0.87 billion in the prior month and beating market expectations of AUD 1.2 billion. It was the largest trade surplus since May, as exports increased by 3 percent to AUD 32.96 billion while imports was flat at AUD 31.21 billion.
ABS l Rida Husna | 11/2/2017 2:03:51 AM
Compared to the preceding month, exports of goods and services increased by 3 percent to AUD 32.96 billion in September.

Sales of non-rural goods (bulk commodities and non-bulk commodities) rose 3 percent to AUD 19.81 billion, mainly due to metal ores and minerals (8 percent) and other non-rural, including sugar and beverages (9 percent). Partly offsetting this rise was other minerals fuels (-1 percent) and machinery (-3 percent). 

Sales of non-monetary gold (gold which is not owned by monetary authorities and can be in the form of bullion, including coins, ingots or bar with a purity at least 995 parts per thousand) jumped by 17 percent to AUD 1.5 billion. 

Exports of rural goods rose AUD 5 million to AUD 4.14 billion, mainly due to other rural (2 percent).

Net exports of goods under merchanting increased by 2 percent to AUD 48 million.

Exports of services rose 1 percent  to AUD 7.47 billion, mainly due to travel (2 percent).

Imports of goods and services was flat at AUD 31.21 billion.

Purchases of consumption goods increased by 2.0 percent to AUD 8.15 billion. The main components contributing to the rise was non-industrial transport equipment (10 percent). 

Purchases of capital goods went up by 1 percent to AUD 6.22 billion, mainly driven by industrial transport equipment n.e.s (6 percent); civil aircraft and  confidentialised items (12 percent); machinery and industrial equipment (2 percent) Partly offsetting these falls was ADP equipment (-7 percent).

Imports of intermediate and other merchandise goods fell AUD 35 million to AUD 9.2 billion. Meanwhile, imports of non-monetary gold fell by 14 percent to AUD 385 million.

Imports of services declined by 1 percent to  AUD 7.26 billion. The main component contributing to the rise were maintenance and repair services n.i.e.(-50 percent); travel (1 percent) and transport (2 percent). 

Considering January to September 2017, trade surplus came in at AUD 13.40 billion, compared to a AUD 20.14 billion deficit in the same period the preceding year.

Australia Trade Surplus Largest in 4 Months