January 2022

January 2022

March 3, 2022

The seasonally adjusted external trade surplus widened to A$12,891k in January, just 383k shy of its record high from July last year.

The rise in surplus was driven by a 7.6% surge in exports and, to a lesser extent, a 1.6% decline in imports.

The largest contribution to the rise in exports came from metal ores and minerals (mainly iron ore) as well as coal, coke and briquettes.

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