Australia’s trade surplus swells

Thursday, 4 February 2021

The ABS has released trade data for December, which revealed that Australia’s trade surplus rose by $1.8 billion to $6.8 billion:

As shown below, Australia’s monthly trade surplus is running near record highs:

Over the December quarter, Australia’s trade surplus swelled by $4.8 billion to $18.3 billion:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.