Trade Balance
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November 2020
January 7, 2021 The Australian trade surplus narrowed to a seasonally adjusted A$5.0B in November, down from A$6.6B in October.
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October 2020
December 3, 2020 The seasonally adjusted external trade surplus bounced back to A$7.5B in October 2020, exceeding market expectations of an A$5.8B surplus.
The rise in the trade surplus was driven by a 5.4% increase in exports on the back of a 14.0% surge in metal ores and minerals (mainly iron ore).
Iron ore exports reached another record high of A$11.0B (not seasonally adjusted).
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September 2020
November 4, 2020 The seasonally adjusted external trade surplus grew to A$5.6B in September, slightly more than the A$3.7B expected by the market participants.
The wider trade surplus was due to a 3.9% rise in exports and a 5.8% fall in imports, with non-monetary gold being a major mover of both.
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August 2020
October 6, 2020 The seasonally adjusted external trade surplus unexpectedly narrowed to A$2.6B in August.
The lower trade surplus was caused by a 4.2% decline in exports (mainly of non-monetary gold) and, to a lesser extent, by a 2.0% rise in imports.
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July 2020
September 3, 2020 The Australian seasonally adjusted trade surplus narrowed to A$4.6B in July from A$8.1B in June.
The fall in trade balance was caused by both a 4.4% decline in exports and a 6.9% rise in imports.
Iron ore exports fell but remained close to their all-time highs.
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June 2020
August 4, 2020 The Australian trade surplus widened to a seasonally adjusted A$8.2B in June from a downwardly revised A$7.3B in May (originally $8.0B).
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