Economic Buzz: Australia Posts Trade Surplus Of AUD 9.423 Billion In November

11 Jan 2022 , 09:19 AM

Australia posted a merchandise trade surplus of AUD 9.423 billion in November, the Australian Bureau of Statistics said on Tuesday, down from the downwardly revised AUD 10.781 billion surplus in October. It was the smallest trade surplus since April, amid softening global demand as more countries battled with a resurgence of coronavirus infections. Exports grew 2 percent month-over-month to AUD 43.86 billion and imports rose at a faster 6 percent to a 23-month high of AUD 34.44 billion. Considering the first eleven months of the year, the trade surplus surged to AUD 114.80 billion from AUD 65.22 billion in the same period of 2020.

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