Australia’s trade surplus rockets to $10.6b

Thursday 7 May 2020

The Australian Bureau of Statistics (ABS) today released trade data for the month of March, with Australia’s trade surplus rocketing by $6.7 billion to an all-time high $10.6 billion:

The next chart shows the staggering lift:

Over the March quarter, the trade surplus rocketed by $15.9 billion to $30.5 billion:

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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.