Export growth strengthens trade balance

March 08, 2018

A surge in exports in January has boosted Australia's trade balance.

Australia's trade balance is back in the black, with a surplus of $1.06 billion in January, from a revised $1.15 billion deficit in December.

Exports were up four per cent for the month while imports were two per cent lower, the Australian Bureau of Statistics said.

The trade balance was in surplus for seven consecutive months in 2017 before it fell into deficit in December.

More in National
Login Sign Up

Dummy text