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This July’s trade surplice beat the expectation of $1.40 billion, down from $1.873 billion in June. However the Australian dollar didn’t react much to the news, the AUD/USD continued to trade around 0.7200.
The balance on goods and services was a surplus of $1,425m in July 2018, increasing $17m on the surplus in June 2018.
In seasonally adjusted terms, the balance on goods and services was a surplus of $1,551m in July 2018, a decrease of $386m on the surplus in June 2018, according to the ABS.
Goods and services credits fell 1 % to $36,070million, and Non-monetary gold fell 10% to $189m.
Non-rural goods fell 1% to $138m and rural goods fell 2% to $76m. However, net exports of goods under merchanting rose $7m, and Services credits rose $34m.
In seasonally adjusted terms, goods and services debits rose $24m to $34,519m. Intermediate and other merchandise goods rose 6 % to $605m and non-monetary gold rose 11% to $69m. Capital goods fell and consumption goods fel 4%, while services debits rose 1% to $109 million.
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