Abu dhabi: Australia recorded a seasonally adjusted merchandise trade surplus of A$5.37 billion in June, well above market expectations of A$3.18 billion, the Australian Bureau of Statistics said on Thursday. The surplus marked a significant increase from the revised A$1.60 billion in May, which was initially reported as A$2.24 billion.
According to Emirates News Agency, exports experienced a notable jump of 6.0 percent month-on-month to reach A$44.318 billion. This rise followed a downwardly revised 3.0 percent decline in the previous month, which was originally reported as a 2.7 percent decrease. Meanwhile, imports saw a 3.1 percent drop on month after experiencing a downwardly revised increase of 3.3 percent in the preceding month, initially recorded as a 3.8 percent rise.