Australia Trade Surplus

12 May 2020 by News Desk   |   SHARE  

Australia recorded a surplus of trade in goods and services in March despite the COVID-19 emergency.

The balance on goods and services was a surplus of $10,602m in March 2020, an increase of $6,737m on the surplus in February 2020.

Credits (exports of goods and services): Goods and services credits rose $5,558m (15%) to $42,417m.

Non-rural goods rose $3,540m (15%), non-monetary gold rose $2,474m, rural goods rose $271m (7%) and net exports of goods under merchanting rose $1m (6%).

Services credits fell $727m (9%).

Debits (imports of goods and services): Goods and services debits fell $1,178m (4%) to $31,815m.

Capital goods fell $194m (3%).

Non-monetary gold rose $466m (85%), intermediate and other merchandise goods rose $31m and consumption goods rose $10m.

Services debits fell $1,492m (19%), according to the Australian Bureau of Statistics

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