FX.co - Australia Has A$11.688 Billion Trade Surplus

2023-03-06T23:51:00

Australia posted a seasonally adjusted merchandise trade surplus of A$11.688 billion in January, the Australian Bureau of Statistics said on Tuesday.

That missed expectations for a surplus of A$12.500 billion and was down from A$12.237 billion in December.

Exports were up 1.4 percent on month to A$58.847 billion, driven by metal ores and minerals.

Imports climbed 4.6 percent on month to A$47.160 billion, fueled by non-industrial transport equipment.

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FX.co ★ Australia Has A$11.688 Billion Trade Surplus