Australian EconomyCommodities

Australia posts record trade surplus in Q2 2021

Leith van Onselen
Thursday, 5 August 2021
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The ABS released trade data for the June quarter with Australia recording a record $28.1 billion trade surplus:

Trade balance

Record trade surplus in Q1 2021.

The massive surplus was driven by iron ore exports, which soared to $152 billion in the 2020-21 financial year:

Commodity exports

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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.