Trade surplus hits record high as Aussies go bust

Leith van Onselen

Thursday 4 August 2022

Today, the ABS recorded the largest trade surplus in Australia’s history.

In June, Australia’s trade surplus rose to $17,670 billion, up 66% year-0n-year:

As expected, Australia’s giant surplus was driven by LNG and coal exports, which both soared to record highs:

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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.