Trade
Australia’s Trade Surplus Beats Estimates as Imports Tumble
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Australia’s trade surplus climbed to the highest level in eight months in November, driven by shipments of coal, meat and grains, while imports slumped as consumption declined.
The windfall was A$11.4 billion ($7.6 billion) — a level not seen since March 2023 — and compared with estimates for a A$7.3 billion gain, Australian Bureau of Statistics data showed Thursday. Overall exports rose 1.7%, while imports tumbled nearly 8% in the month.