Australia’s goods trade surplus shrinks to A$2.9 billion in November
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SYDNEY] Australia’s surplus on goods trade narrowed sharply in November as shipments of iron ore fell back, data showed on Thursday, while imports were a fraction firmer.
The Australian Bureau of Statistics reported the surplus on goods fell to A$2.94 billion (S$3.8 billion) in November, from a revised A$4.35 billion in October. That was well below market forecasts for a A$4.9 billion surplus.
Exports dropped 2.9 per cent led by a 9 per cent fall in iron ore, the country’s biggest single earner. Gold exports dipped 8 per cent after a very strong run.
Imports increased 0.2 per cent as strength in processed industrial supplies offset falls in machinery and aircraft. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
