澳大利亚9月名义货物贸易顺差扩大至28亿澳元,高于市场预期的10亿澳元,出口环比增长2.3%,进口环比下降3.3%。三季度名义货物出口环比增长2.7%,进口下降0.2%,部分反映贸易条件改善;出口价格环比上涨1.4%,进口价格下跌1.1%。剔除价格因素后,实际货物出口环比增长约1.2%,实际进口增长1.3%,意味着净贸易对三季度实际GDP的贡献大体中性。分项看,进口再度受非货币黄金拖累,环比下降35%(减少11亿澳元),部分回吐了8月的近乎翻倍增长;资本品进口环比下降2.5%,但同比增长22.5%,其中ADP设备(计算机与服务器硬件)进口维持在44亿澳元高位,或反映数据中心投资提速。中间品进口环比增长0.9%,原油、柴油与航空燃油在8月回落后大幅回升,汽油则下降20.5%。出口方面,非农产品增长2.8%,农产品增长3.6%;液化天然气量价齐升、同比均涨逾两成,铁矿石出货增加但单价持续下滑、同比跌幅超过15%,焦煤上涨而动力煤走弱。
Australia's nominal goods trade surplus widened to A$2.8bn in September, above consensus expectations (A$1.0bn), with exports up 2.3%m/m and imports down 3.3%m/m. Over the September quarter, nominal goods exports rose 2.7%q/q while imports fell 0.2%q/q, though part of this reflects favorable terms of trade (export prices: +1.4%q/q, import prices: -1.1%q/q). Adjusting for price changes, real goods exports look to have risen 1.2%q/q and real imports 1.3%q/q, implying a neutral net trade contribution to 3Q real GDP. In the monthly detail, imports were again driven by non-monetary gold, which fell 35%m/m (-A$1.1bn), partly unwinding August's near-doubling. Capital goods imports eased 2.5%m/m (-A$330m) on lower civil aircraft items, but remain 22.5%oya higher. ADP equipment imports (computer and server hardware) stayed strong at A$4.4bn after a similarly large August result, likely reflecting the recent step up in data centre investment. Intermediate goods imports rose 0.9%m/m (+A$156m) as