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AUSTRALIA DATA: Soft Prices & Volumes Of Key Commodities Weigh On Export Growth

AUSTRALIA DATA

The merchandise trade surplus widened around $500mn to $6009mn in July with exports outpacing imports. Exports rose 0.7% m/m driven by rural goods, while imports fell 0.8% m/m due to fuels. The series are nominal and so are impacted by moves in global prices. 

Australia merchandise trade balance A$mn

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The merchandise trade surplus widened around $500mn to $6009mn in July with exports outpacing imports. Exports rose 0.7% m/m driven by rural goods, while imports fell 0.8% m/m due to fuels. The series are nominal and so are impacted by moves in global prices. 

Australia merchandise trade balance A$mn

Keep reading...Show less