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- Australia's trade surplus increased in December
Australia's trade surplus increased in December
RTTNews reports that preliminary estimates from the Australian Bureau of Statistics showed that Australia's trade surplus increased in December as exports logged a monthly growth amid falling imports.
The trade surplus increased to A$8.96 billion from A$1.53 billion in November.
Exports increased 16 percent on month to A$34.93 billion, while imports dropped 9 percent to A$25.97 billion. Exports to China grew 21 percent and that to Japan gained 24 percent. Shipments to US surged 58 percent.
Year-on-year, exports gained 3 percent and imports remained flat in December.
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