Australia Recorded Trade Surplus in March

Australia Recorded Trade Surplus in March

In seasonally adjusted terms, Australia had a goods and services trade surplus of A$307 million (about US$312.5 million) in March, a turnaround of $425.5 million on the deficit in February, according to the Australian Bureau of Statistics.

The sum of seasonally adjusted balances from January to March was a deficit of A$946 million, an improvement of A$3.9 billion, or about 80 percent, on the deficit of A$4.8 billion in the fourth quarter of 2012.

Between February and March, in seasonally adjusted terms, exports of goods and services credits rose A$148 million, or 1 percent, to A$25.7 billion. Non-rural goods rose A$263 million to A$17.0 billion, and rural goods rose A$20 million to A$3 billion. Net exports of goods under merchanting remained steady at A$19 million. Non–monetary gold fell A$114 million, or 9 percent, to A$1.2 billion.

In seasonally adjusted terms, imports of goods and services debits between February and March fell A$139 million, or 1 percent, to A$25.6 billion. Capital goods fell A$574 million, or 11 percent, to A$4.7 billion. Intermediate and other merchandise goods rose A$298 million, or 3 percent, to A$9.1 billion; non–monetary gold rose A$28 million, or 8 percent, to A$367; and consumption goods rose A$6 million to A$5.9 billion.