May 2022

May 2022

July 7, 2022

The seasonally adjusted external trade surplus widened to a new record high of A$15,965m in May, from the upwardly revised A$13,248m in the previous month. The widening of the trade surplus was driven by a 9.5% surge in goods and services exports, partly offset by a 5.8% increase in imports. The surge in exports was broad-based, with the greatest contribution coming from coal, coke and briquettes as well as other mineral fuels (mainly coal and gas).

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