July 2022

July 2022

September 8, 2022

Australia’s seasonally adjusted external trade surplus narrowed to A$8,733m in July, from a downwardly revised record high of A$17,131m in June.

The drop in the trade surplus was driven by a 9.9% fall in exports and 5.2% increase in imports.

Services imports surged by 8.1% and have now fully recovered from the COVID-related collapse.

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