Australia's Trade Surplus Decreases in November


In seasonally adjusted terms, the balance on goods and services was a surplus of $1,925m in November 2010, a decrease of $636m on the surplus in October 2010.

In seasonally adjusted terms, exports fell $7m to $24,440m. Non-rural goods rose $360m (2%), rural goods rose $24m (1%) and non-monetary gold fell $325m (21%). Services credits fell $66m (1%).

Shipments of metal ores and minerals gained 5% and gold fell 21%, also coal exports dropped to A$3.55 billion in November from A$3.85 billion during the preceding month.

In seasonally adjusted terms, imports rose $629m (3%) to $22,515m. Capital goods rose $314m (8%), intermediate and other merchandise goods rose $260m (4%) and consumption goods rose $52m (1%). Non-monetary gold fell $14m (2%). Services debits rose $16m.

Fuels and lubricants imports rose 16%, while civil aircraft imports jumped by A$343 million.


TradingEconomics.com, Australian Bureau of Statistics
1/12/2011 12:13:21 PM