Australia’s Trade Surplus Increases in May

  • Jul 02, 2020 AEST
  • Team Kalkine

Australia recorded a trade surplus of $8,025 million in May in seasonally adjusted terms, rising by 2% ($195 million) when compared to previous month as imports fell faster than exports as per ABS statistics.

Credits and debits data in seasonally adjusted terms:

Component

In $ million (% up/down)

Component

In $ million (% up/down)

Goods and services credit

-4% to 35,742

Goods and services debit

-6% to 27,717

Non-Rural goods

-4% or 1,080

Capital goods

-7% or 412

Non-Monetary gold

-12% or 219

Consumption goods

-14% or 1,233

Rural Goods

-10% or 404

Intermediate and other merchandise goods

-8% or 821

Net exports of goods under merchanting

+0% or 45

Non-Monetary gold

+113% or 710

Services credits

+2% or 99

Services debits

-1% or 43

Source: ABS

 


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