Australia’s international trade plunged in April

The Australian Bureau of Statistics (ABS) today released trade data for the month of April, which has registered solid falls in both imports and exports:

  • In seasonally adjusted terms, goods and services credits [exports] fell $4,756m (11%) to $37,505m. Non-rural goods fell $2,192m (8%) and non-monetary gold fell $1,694m (47%). Rural goods rose $39m (1%) and net exports of goods under merchanting rose $15m (79%). Services credits fell $924m (13%).
  • In seasonally adjusted terms, goods and services debits [imports] fell $3,111m (10%) to $28,705m. Intermediate and other merchandise goods fell $507m (5%) and non-monetary gold fell $402m (40%). Consumption goods rose $329m (4%) and capital goods rose $243m (4%). Services debits fell $2,773m (42%).

Meanwhile, Australia’s trade surplus retraced by 16% to $8,800 million in April:

There are 679 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.