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You are here: Home → Archive → 2009 → June → Weekly Edition 11th of June 2009 → Commodities lead to trade deficit

Commodities lead to trade deficit

by Sineva Toevai — last modified Jun 11, 2009 12:48 PM

AUSTRALIA posted an unexpected trade deficit in April as a slump in commodity prices caused export values to plunge.

Exports of goods and services fell to a seasonally adjusted $21.7bn in April from $24.4bn in March, the latest Australian Bureau of Statistics (ABS) figures showed.
Meanwhile, imports dropped to $21.8bn in April from $22.1bn in March because of a...

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