Trade surplus rockets to another record high

Tuesday, 6 August 2019

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:

In June, exports (credits) rose and imports (debits) fell:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.