SYDNEY (Reuters) -Australia’s surplus on goods trade widened to its highest since early 2024 in July, data showed on Thursday, as exports of energy commodities, rural goods and gold all climbed.
The Australian Bureau of Statistics reported the surplus on goods rose to A$7.3 billion ($4.74 billion) in July, from a revised A$5.4 billion in June. That was well above market forecasts for a A$5.0 billion surplus.
Exports climbed 3.3%, led by iron ore, liquefied natural gas, meat products and non-monetary gold. Imports fell 1.3% on a pullback in gold shipments and consumer goods.
($1 = 1.5389 Australian dollars)
(Reporting by Wayne Cole; Editing by Jacqueline Wong)
Comments