Australian EconomyCommodities

Australia’s trade surplus rises $760m in April

Leith van Onselen
Thursday 2 June 2022
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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:

Trade summary

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.

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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.