According to preliminary data, Australia’s export of goods rose 16% mom to AUD 34.9B. Imports of goods dropped -9% mom to AUD 26.0B. There was a goods trade surplus of AUD 9.0B.
Exports to China jumped 21% to AUD 2312m, to Japan rose 24% to AUD 864m, to US rose 58% to AUSD 678m, to India rose 35% to AUD 339m, to South Korea dropped -14% to AUD 317m.
Imports from China dropped -7% to AUD 641m, from US dropped -33% to AUD 1274m, from Germany dropped -10% to AUD 127m, from Japan rose 6% to 95m, from Thailand rose 8% to AUD 101m.
“Imports have fallen following a November spike to be more in line with recent history”, said ABS Head of International Statistics, Katie Hutt, “while exports of metalliferous ores and cereals are the strongest in history, resulting in the fourth highest goods trade surplus on record”.
