Australia Has A$1.302 Billion Trade Surplus

Australia had a seasonally adjusted merchandise trade surplus of A$1.302 billion in January, the Australian Bureau of Statistics said on Thursday.

That was shy of expectations for a surplus of A$3.80 billion and was down from A$3.334 billion in December.

Exports were down 3.0 percent on month to A$31.796, while imports advanced 4.0 percent to A$30.494 billion.

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