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Australia Trade Balance Swings to Deficit in March

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Australia's goods balance recorded a seasonally adjusted deficit of AU$1.84 billion in March, down from a surplus of AU$5.03 billion in February, marking the first deficit since December 2017, according to data published by the Australian Bureau of Statistics on Thursday.

Goods exports fell 2.7%, or AU$1.21 billion, to AU$43.93 billion, driven by a AU$639 million decrease in the other rural category.

Goods imports rose over 14%, or AU$5.65 billion, to AU$45.77 billion, driven by a AU$3.23 billion increase in automatic data processing equipment.

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