October 2020

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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