Fed: Trade deficit hits $595m: ABS=3

AAP General News (Australia)
04-03-2006
Fed: Trade deficit hits $595m: ABS=3

Australia's trade deficit with China remains largely the same, hovering at $4 billion
for the eight months to February.

For the same period of last financial year it was $5.9 billion.

Australia's trade surplus with Japan is increasing, and now stands for the eight months
to February at just over $9 billion - $1.2 billion more than the whole surplus in the
2004-05 year.

But the deficit with the United States (currently $8.6 billion), Thailand (currently
$973 million) and Singapore (currently $3.5 billion) have all blown out this year.

Australia has free trade agreements with each nation.

AAP pjo/sp

KEYWORD: BOGS 3 CANBERRA

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