The commodity boom continues to rain riches down on Australia with Australia’s trade surplus soaring to a new record high $10.1 billion after increasing by $3.0 billion in January, according to the Australian Bureau of Statistics.
The increase in Australia’s trade surplus was driven by a strong lift in exports, which rose $2.3 billion in January to $39.8 billion.
The trade surplus was also assisted by a $700 million fall in imports to $29.7 billion.
