Trade surplus hits another record high

Wednesday, 3 July 2019

The Australian Bureau of Statistics (ABS) today released trade data for the month of May, with Australia’s trade surplus surging to $5.7 billion:

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

Both exports (credits) and imports (debits) rose:

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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.