Trade surplus retraces from record high

Thursday, 5 September 2019

The Australian Bureau of Statistics (ABS) today released trade data for the month of July, with Australia’s trade surplus retracing to $7.3 billion from $8.0 billion in June:

The next chart shows that Australia’s trade surplus is still running near record highs:

In July, exports (credits) and imports (debits) both 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.