Australia Trade balance for March AUD +4949m (expected AUD +4480m)

Australian March trade balance shows a surplus of AUD m

• expected AUD 4480m surplus
• prior AUD 5140m surplus from AUD 4801m surplus

Graph via the Australian Bureau of Statistics:

Trade surplus performance is strong exports despite falling in the month:

• March imports -2% m/m (-1.5%)
• March exports -2% m/m (-1.8%)

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Background is here:

• AUD data - trade balance preview