The Australian Bureau of Statistics (ABS) today released trade data for the month of May, with Australia’s trade deficit deteriorating to $2,218 million from $1,785 million in April.
In seasonally adjusted terms, exports rose $188 million (1%) to $26,170 million, whereas imports rose $620 million (2%) to $28,313 87million, led by rising intermediate and other merchandise goods imports (+$385 million) and rising capital goods imports (+$182 million).
