Australia & New Zealand Economics

Australia & New Zealand Economics

Australia & New Zealand Data Response

7 December, 2017

Australia International Trade (Oct.)

Australia has managed to notch up 12 consecutive months of an international trade surplus, but only just as the surplus slumped from $1.6bn in September to $0.1bn in October. The pollution controls in China will presumably restrain the demand for Australia’s iron ore and the stronger dollar will continue to hit trade in services. So it may only be a matter of months before the trade surplus turns into a deficit.

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