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The Australian Bureau of Statistics (ABS) today released trade data for the month of June, with Australia’s trade surplus hitting a record high $8.0 billion:
The next chart shows the trade balance on a quarterly basis and reveals a record high trade surplus of $19.0 billion, up $3.9 billion over the quarter and $15.4 billion over the year:
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In June, exports (credits) rose and imports (debits) fell:
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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.