Australia Trade Surplus Narrows In March

By James GlynnFeaturesDow Jones Newswires

Australia posted a seasonally adjusted trade surplus of A$3.11 billion in March, the Australian Bureau of Statistics said Thursday.

The figure is lower than analysts' expectations of a surplus of A$3.25 billion. The trade balance in February was revised to a surplus of A$3.66 billion.

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The value of exports rose 2.0% in March, while the value of imports rose 5.0% in the same period.

Stronger prices for iron ore and coal paid by countries like China, coupled with a surge in export volumes from new mines and ports across the country, has seen Australia post record trade surpluses in recent months.

Write to James Glynn at

(END) Dow Jones Newswires

May 03, 2017 21:48 ET (01:48 GMT)