Economic Buzz: Australian Economy In Trade Surplus Of A$ 9.31 Billion In March

5 May 2022 , 12:40 PM

Australia posted a merchandise trade surplus of A$9.314 billion in March, according to the Australian Bureau of Statistics. That topped expectations for a surplus of A$8.5 billion and was up from A$7.457 billion in February. Imports fell A$1.949 billion or 5.0 percent A$40.139 billion, driven by decreases in imports of processed industrial supplies. Exports fell A$72 million (0 percent) to A$49.453 billion, driven by falls in exports of non-monetary gold and cereal grains and cereal preparations.Powered by Commodity Insights