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That was sharply below forecasts for a deficit of A$500 million following the downwardly revised shortfall of A$688 million in December (originally reported as A$427 million). The deficit expanded by 54 percent.
Exports were down A$185 million or 1 percent on month to A$25.023 billion from A$25.208 billion one month prior.
Non-rural goods fell A$424 million or 3 percent, while rural goods fell A$81 million or 3 percent. Non-monetary gold jumped A$211 million or 17 percent and net exports of goods under merchanting surged A$10 million or 200 percent. Services credits rose A$98 million or 2 percent.
Imports added A$185 million or 1.0 percent on month to A$26.081 billion from A$25.896 billion in the previous month.
Capital goods added A$292 million or 5 percent, while consumption goods collected A$166 million or 3 percent. Intermediate and other merchandise goods shed A$258 million or 3 percent and non-monetary gold dipped A$6 million or 2 percent. Services debits were down A$10 million.
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