Back
5 May 2015
Australian trade deficits deteriorates, exports down 2%
FXStreet (Bali) - Australia Trade Balance came below forecasts in March, standing at -1322M vs -1000M expected, with exports down from previous 1% to -2%, while imports declined to -2% from previous 2%.
March key points - ABS
BALANCE ON GOODS AND SERVICES: In trend terms, the balance on goods and services was a deficit of $1,227m in March 2015, an increase of $33m (3%) on the deficit in February 2015. In seasonally adjusted terms, the balance on goods and services was a deficit of $1,322m in March 2015, a decrease of $287m (18%) on the deficit in February 2015.
CREDITS (EXPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services credits fell $415m (2%) to $27,217m. Non-rural goods fell $393m (2%) and rural goods fell $81m (2%). Non-monetary gold rose $18m (1%). Net exports of goods under merchanting remained steady at $34m. Services credits rose $42m (1%).
DEBITS (IMPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services debits fell $702m (2%) to $28,539m. Intermediate and other merchandise goods fell $385m (4%), capital goods fell $238m (4%) and consumption goods fell $208m (3%). Non-monetary gold rose $14m (4%). Services debits rose $115m (2%).
March key points - ABS
BALANCE ON GOODS AND SERVICES: In trend terms, the balance on goods and services was a deficit of $1,227m in March 2015, an increase of $33m (3%) on the deficit in February 2015. In seasonally adjusted terms, the balance on goods and services was a deficit of $1,322m in March 2015, a decrease of $287m (18%) on the deficit in February 2015.
CREDITS (EXPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services credits fell $415m (2%) to $27,217m. Non-rural goods fell $393m (2%) and rural goods fell $81m (2%). Non-monetary gold rose $18m (1%). Net exports of goods under merchanting remained steady at $34m. Services credits rose $42m (1%).
DEBITS (IMPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services debits fell $702m (2%) to $28,539m. Intermediate and other merchandise goods fell $385m (4%), capital goods fell $238m (4%) and consumption goods fell $208m (3%). Non-monetary gold rose $14m (4%). Services debits rose $115m (2%).