Australia’s trade surplus retraces

Tuesday, 7 April 2020

The Australian Bureau of Statistics (ABS) today released trade data for the month of February, with Australia’s trade surplus falling by around $380 million to $4.4 billion:

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

In February, 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.