Australia’s trade surplus retraces from record high

Thursday, 3 October 2019

The Australian Bureau of Statistics (ABS) today released trade data for the month of August, with Australia’s trade surplus retracing to $5.9 billion from $7.3 billion in July:

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

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