Australia’s Trade Balance Exceeds Forecast After Sharp Drop in Imports

Australia’s Trade Surplus Surges in November, Exceeding Expectations

Australia’s trade surplus grew far more than expected in November, exceeding economists’ expectations. The surplus reached A$11.44 billion ($7.67 billion), according to data from the Australian Bureau of Statistics (ABS). This reading was significantly higher than the projected A$7.5 billion and a sharp increase from October’s revised surplus of A$7.66 billion.