The ABS has today released trade data for January, with Australia’s trade surplus increasing by $4,067 million to $12,891 million on the back of rising iron ore exports:
According to the ABS:
- Goods and services credits (exports) rose $3,487m (8%) to $49,251m, driven by a rise in exports of Metal ores and minerals.
- Goods and services debits (imports) fell $581m (2%) to $36,359m, driven by falls in Telecommunications equipment and Capital goods n.e.s..
