Advertisement
The Australian Bureau of Statistics (ABS) today released international trade data for April, which recorded a $757 million increase in Australia’s trade surplus to $10,495 billion:
According to the ABS:
- The seasonally adjusted balance on goods and services surplus increased $757m to $10,495m in April.
- Goods and services credits (exports) rose $479m (1.0%) to $50,378m, driven by rises in exports of Travel and Other mineral fuels.
- Goods and services debits (imports) fell $278m (0.7%) to $39,883m, driven by a fall in imports of Processed industrial supplies and Non-industrial transport equipment.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.