Trade surplus holds on booming iron ore exports

Thursday, 5 March 2020

The Australian Bureau of Statistics (ABS) today released trade data for the month of January, with Australia’s trade surplus falling by around $150 million to $5.2 billion:

The next chart shows that Australia’s trade surplus is still running at strong levels:

In January, both exports (credits) 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.