Economic Buzz: Australia Trade Surplus Declines Sharply In February

7 Apr 2022 , 09:27 AM

Australias trade surplus declined sharply to AUD 7.46 billion in February from a downwardly revised AUD 11.79 billion in the previous month. This was the smallest trade surplus since March 2021, largely due to a surge in imports. Exports of goods and services from Australia edged up 0.2 percent month-over-month to AUD 48.77 billion in February 2022, amid sluggish foreign demand due to worrying geopolitical risks and persistent supply chain disruptions.

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