Aussie trade deficit increases

From the National Australia Bank – The slowdown in China and weak bulk commodity markets has seen Australia’s trade deficit blow out again in recent months, hitting a record in April but remaining very high at a deficit of $2,750mn in May under pressure from Australia’s declining terms of trade from the softening in Chinese import demand (and higher export supply) for Australia’s major bulk resource commodities. Interesting to note the importance of China as an export destination

Aus Exports 2000-16

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