Australia Trade Balance Oct 2014

Australia’s trade deficit narrowed to $1.323b in October, well above the $1.9b figure expected and $2.235b level of September. Exports rose 1.5% from September while imports fell 1.8%.

Australia Merchandise Exports nation Oct 2014

As the above chart shows a sharp lift in merchandise exports to China, up $1.834b to $8.495b, some 27.5% higher than December, was one of the chief factors behind the surprise headline print.

To view the full report from the ABS click here:

http://www.ausstats.abs.gov.au/ausstats/meisubs.nsf/0/1DCB501A779C031ECA257DA3001377C2/$File/53680_oct%202014.pdf

 

 

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