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The Australian Bureau of Statistics (ABS) released trade data for the month of September, which registered a rebound in Australia’s trade surplus to $5,630 million amid rising exports and falling imports:
Specifically, exports rose $1,265 million (4%) to $33,737 million.
- non-monetary gold rose $989m (72%)
- non-rural goods rose $207m (1%)
- net exports of goods under merchanting rose $2m (13%)
- rural goods fell $50m (2%)
- services credits rose $117m (2%).
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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.