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:
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- 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 monthly time series is presented below:
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