Australian Bureau of Statistics stated exports fell to US $16.5 billion, whereas imports soared to $18.7 billion recording its 50th consecutive monthly trade deficit, a shortfall of $2.3 billion in May.
This huge blowout was due to a five per cent drop in non-rural exports, a three per cent fall in exports, a three percent surge in imports and rural exports fell one percent while services exports were up marginally.
On the import side, textiles, clothing and footwear were down six percent, household electrical items dropped four percent and toys and leisure goods fell four percent.
Imports of intermediate and other goods rose eight per cent, capital goods imports were up three percent, while imports of consumption goods fell marginally and a minor fall in services imports.
This huge blowout was due to a five per cent drop in non-rural exports, a three per cent fall in exports, a three percent surge in imports and rural exports fell one percent while services exports were up marginally.
On the import side, textiles, clothing and footwear were down six percent, household electrical items dropped four percent and toys and leisure goods fell four percent.
Imports of intermediate and other goods rose eight per cent, capital goods imports were up three percent, while imports of consumption goods fell marginally and a minor fall in services imports.
