Home / World Economy / World Economy News / Australia trade surplus widens in April on LNG exports

Australia trade surplus widens in April on LNG exports

Australia’s trade surplus widened more than expected in April thanks to rising exports of liquefied natural gas and a return of tourists, while imports eased back a little after a very strong first quarter.

Data from the Australian Bureau of Statistics out on Thursday showed the trade surplus widened to A$10.5 billion ($7.53 billion) in April, beating market forecasts of a $9.3 billion surplus and compared to an upwardly revised A$9.7 billion in March.

Exports rose 1% led by LNG and travel, while prices for most of Australia’s key commodities also remained high. Imports dipped 0.7% suggesting trade would be less of a drag on the economy as it was in the first quarter.
Source: Reuters (Reporting by Wayne Cole Editing by Shri Navaratnam)

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping