Australian Economy

Australia’s trade surplus lifts

Leith van Onselen
Tuesday, 4 August 2020
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The Australian Bureau of Statistics (ABS) released trade data for the month of June, which registered a solid lift in Australia’s trade surplus to $8,202 amid solid (3%) export growth:

Key points as follows:

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  • The balance on goods and services surplus rose $861m to $8,202m in June 2020.
  • Goods and services credits rose $1,219m (3%) to $36,186m.
  • Goods and services debits rose $358m (1%) to $27,984m.

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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.