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Date Time Exports showing steely resolve: Australia The December goods trade surplus of $9 billion was a significant increase, up $7.4 billion from the November surplus, according to newly released data by the Australian Bureau of Statistics (ABS). “Imports have fallen following a November spike to be more in line with recent history”, said ABS Head of International Statistics, Katie Hutt, “while exports of metalliferous ores and cereals are the strongest in history, resulting in the fourth highest goods trade surplus on record”. The strong surplus is heavily influenced by trade with ...

Iron ore exports to China drive up Australia’s trade surplus Australia enjoyed its fourth-highest goods trade surplus on record in December, with exports jumping 16 per cent in the month. Preliminary international trade figures released by the Australian Bureau of Statistics on Monday show Australia recorded a $9 billion goods trade surplus in December, up from $7.4b in November. ABS head of international statistics Katie Hutt said the strong surplus was heavily influenced by trade with China. While imports to Australia’s number one trading partner fell by $641 million, or 7 per cent, exp...