Trade surplus rockets to all-time high

Tuesday 7 May 2019

The Australian Bureau of Statistics (ABS) today released trade data for the month of March, with Australia’s trade surplus retracing to $4.9 billion from $5.1 billion in February:

As shown below, Australia posted a trade surplus of $14.7 billion over the March quarter – the biggest in history:

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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.