Australia’s trade surplus evaporates in October

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By Leith van Onselen

The Australian Bureau of Statistics (ABS) today released trade data for the month of October, with Australia’s trade surplus evaporating to $105 million from $1,604 million (revised) in September

In seasonally adjusted terms, exports fell $903 million (3%) to $31,871 million in October, whereas imports rose $596 million (2%) to $31,766 million.

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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.