Australia posted a seasonally adjusted merchandise trade deficit of A$2.410 billion in July, the Australian Bureau of Statistics said on Thursday - a 26 percent improvement over the previous month.
That beat forecasts for a shortfall of A$2.700 billion following the A$3.195 billion deficit in June.
Exports were up A$719 million or 3.0 percent on month to A$26.425 billion.
Non-monetary gold surged A$912 million (62 percent), while rural goods added A$42 million (1 percent) and net exports of goods under merchanting spiked A$6 million (21 percent).
Non-rural goods slid A$249 million (2 percent), while services credits climbed A$8 million.
Imports were roughly flat at A$28.835 billion - down A$122 million from a month earlier.
Consumption goods shed A$511 million (6 percent). Intermediate and other merchandise goods climbed A$231 million (3 percent), while capital goods added A$78 million (2 percent) and non-monetary gold spiked A$30 million (6 percent).
Services debits gained A$50 million (1 percent).
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