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Australia posts June trade surplus, beating expectations

The surplus came with exports rising 9.6% month over month, while imports were down 0.2% after a prior gain of 2.6%.

Reported · Written up by our desk · Major Pairs

Australia reported a June trade balance of a 1.929 billion Australian dollar surplus, exceeding the 1.1 billion AUD expected level, according to Forexlive.

The prior month was a deficit of 2.367 billion AUD, marking a notable swing in trade performance.

In the same release, imports fell 0.2% month over month, after rising 2.6% in the prior period.

Exports increased 9.6% month over month, following a 6.9% decline previously.

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