Commodity price falls have been weighing on Australian exports. The big hopes for LNG have suffered as the oil price has fallen (LNG as a substitute energy source for oil)

Anyway, to the data, for Q4 of 2015:

Exports, -5.4% q/q... much lower than even very low expectations

  • expected -3.9% q/q, prior was flat at 0.0%

Imports, -0.3% q/q

  • expected -0.8% and prior of +1.4%

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AUD/USD barely changed