Australia's trade surplus expands to 3,681 mn in December, a big beat

Australia's trade surplus expanded to AUD 3,681 million in December from the November surplus of AUD 1,925 million, according to Australian Bureau of Statistics (ABS). Further, the December trade data surpassed the market forecasts, with a surplus of AUD 2,300 million expected.

December Key Points (Source: ABS)

Balance on goods and services

In trend terms, the balance on goods and services was a surplus of $2,796m in December 2018, an increase of $131m on the surplus in November 2018.

In seasonally adjusted terms, the balance on goods and services was a surplus of $3,681m in December 2018, an increase of $1,425m on the surplus in November 2018.

Credits (exports of goods and services) 

In seasonally adjusted terms, goods and services credits fell $634m (2%) to $37,924m. Non-monetary gold fell $1,034m (57%) and net exports of goods under merchanting fell $1m (3%). Rural goods rose $353m (10%) and non-rural goods rose $33m. Services credits rose $16m.

Debits (imports of goods and services)

In seasonally adjusted terms, goods and services debits fell $2,058m (6%) to $34,244m. Capital goods fell $1,070m (15%), intermediate and other merchandise goods fell $717m (6%) and consumption goods fell $653m (7%). Non-monetary gold rose $161m (45%). Services debits rose $222m (3%).

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD tumbles to weekly lows on disappointing PMI data

EUR/USD dropped below 1.1300 after Germany's Manufacturing PMI dropped to 44.5 points, below expectations and reflecting a deep contraction in the sector. Other PMIs are mostly weak as well. US retail sales are eyed.


GBP/USD bounces off 1.3000 on upbeat UK retail sales

GBP/USD escaped the 1.3000 line after UK retail sales beat with a jump of 1.1% in March, much better than expected. A risk-off mood weighed on it earlier. US retail sales are next.


USD/JPY: risk aversion likely to result in limited slides

April Japanese Nikkei Manufacturing PMI improved to 49.5 from 49.2, still in contraction territory. European data spurred demand for safe-haven assets amid renewed concerns of economic slowdown.


US Retail Sales Preview: Let the spending begin

Overall retail sales are predicted to rise 0.9% in March following February's 0.2% decline. Sales excluding automobiles are expected to climb 0.7% after falling 0.4% the prior month.

Read more

Gold: Bounce from YTD lows/50% Fibo. support might turn out to be short-lived

The precious metal stalled its recent decline and managed to stage a modest recovery from support marked by 50% Fibo. level of the $1196.40-$1346.85 strong up-move.

Gold News