Rising exports lead to trade surplus in May

4th month of trade surplus in a row, driven by a large jump in iron ore exports and coal. A large increase in exports to China this month.

Trade surplus was $670m for the month, with the market only having expected around $50m.

Heartening to know that we do also sell resources and not only build mines!

Graph: This graph shows the Balance on Goods and Services for the Trend and Seasonally adjusted series

Source: ABS

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