Australia records trade surplus of $5,223 million in December 2019

  • Feb 06, 2020 AEDT
  • Team Kalkine

ABS has released International Trade in Goods and Services data which highlighted that in Dec 2019, Australia’s balance on goods and services was a surplus of $4,799 million, representing a decrease of $364 million on the surplus in Nov 2019.

In seasonally adjusted terms, the balance on goods & services was excess of $5,223 million, which however, reflects a fall of $295 million on the surplus in Nov 2019.

In seasonally adjusted terms, Credits (exports of goods and services) data:

Goods and Services Credits

1% to $41,293 million

Non-Rural Goods

1% or $289 million

Non-Monetary Gold

14% or $266 million

Rural Goods

2% or $63 million

Net Exports of Goods Under Merchanting

20% or $1 million

 

In seasonally adjusted terms, Debit (exports of goods and services) data:

Goods and Services Debits

2% to $36,070 million

Capital Goods

6% or $376 million

Consumption Goods

4% or $309 million

Intermediate and Other Merchandise Goods

1% or $64 million

Non-Monetary Gold

21% or $102 million

Services Debits

2% or $205 million

 

 

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK