Australia’s trade balance in January recorded a surplus of $5.62 billion, where the balance of goods increased by $696 million from December.
Exports totalled $44.532 billion, rising 1.3% on the previous month, while the value of imported goods into Australia totalled $38.912 billion, a fall of 0.3% from December.
The value of iron ore shipments from Australia for January came in at $9.6 billion (down $1.245 billion, or 11.5% month-on-month) while coal sales accounted for $5.98 billion (down $1.466 billion, or 19.7% month-on-month).
Shipments of natural gas totalled $5.696 billion for the first month of the year.
Source: Australian Bureau of Statistics
Write to Dan Petrie at Mining.com.au
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