Trade balance back in the black

Original article by David Uren
The Australian – Page: 6 : 9-Mar-18

Australia posted a trade surplus of $A1.1bn in January 2018, following a deficit in December. The trade figures were bolstered by growing demand in Asia for the nation’s resources commodities, and Asia’s share of Australia’s overall exports has risen from 61 per cent to 75 per cent over the last decade. In contrast, the US now accounts for less than four per cent of Australia’s exports. Meanwhile, China recorded a trade surplus of $US34bn in January, while the US posted a deficit of $US57bn.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, COMMONWEALTH SECURITIES LIMITED

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