Trade surplus nears $5b in April

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By Leith van Onselen

The Australian Bureau of Statistics (ABS) today released trade data for the month of April, with Australia’s trade surplus flat at $4.9 billion:

The below chart shows that Australia’s trade surplus is running near the highest level on record:

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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.