In November, Australia recorded a seasonally adjusted merchandise trade surplus of AUD 7.079 billion, according to the Australian Bureau of Statistics, surpassing the anticipated AUD 5.750 billion. This follows the revised surplus of AUD 5.670 billion in October, which was initially reported as AUD 5.593 billion.
Exports increased by 4.8% from the previous month, reaching AUD 43.816 billion. This marks an improvement from the previously adjusted 3.5% growth in the prior month, which was initially marked at 3.6%.
Meanwhile, imports rose by 1.7% month-on-month to AUD 36.737 billion, following a revised 0.1% contraction, originally noted as a 0.1% growth, in the prior month.
