Trade
Australia Extends Trade Surplus Streak on Metals and Gas Exports
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Australia is on track to record a fifth consecutive year of trade surpluses as October data showed ongoing strength in natural gas and metals shipments, driven by higher prices.
The windfall came in at A$12.2 billion ($8.2 billion) compared with A$12.4 billion in September and slightly exceeding economists’ estimates of A$12 billion, Australian Bureau of Statistics data showed Thursday. Both overall exports and imports edged down by 1% in October.