Australia Trade Gap Smallest in 21 Months

Australia reported a trade deficit of AUD 1.23 billion in September of 2016, a decrease of 35 percent from a downwardly revised AUD 1.89 billion deficit in August and below market estimates of a AUD 1.70 billion gap. It was the smallest trade deficit since December 2014, as exports rose while imports fell.
ABS l Rida Husna | rida@tradingeconomics.com 11/3/2016 11:10:57 AM
Between August and September 2016, in seasonally adjusted terms, goods and services exports rose AUD 0.43 billion (+2 percent) to AUD 27.25 billion. Non-rural goods rose AUD 0.58 billion (+4 percent) and rural goods rose AUD 0.17 billion (+5 percent). Non-monetary gold fell AUD 0.35 (-19 percent). Net exports of goods under merchanting remained steady at AUD 0.047 billion. Services credits rose AUD 0.03 billion.

Goods and services debits fell AUD 0.24 billion (-1 percent) to AUD 28.48 billion. Consumption goods fell AUD 0.2 billion (-3 percent), non-monetary gold fell AUD 0.12 billion (-17 percent) and capital goods fell AUD 0.08 billion (-1 percent). Intermediate and other merchandise goods rose AUD 0.18 billion (+2 percent). Services debits rose AUD 0.003 billion.

Australia Trade Gap Smallest in 21 Months