Financial News: Australia Trade Surplus Tops Expectations

Australia Trade Surplus Tops Expectations

05/01/2025 - 00:01:00 (RTTNews)

(RTTNews) - Australia's trade surplus increased more than expected in March as exports logged a stronger growth amid falling imports, figures from the Australian Bureau of Statistics revealed Thursday.

The trade surplus surged to A$6.9 billion in March from A$2.8 billion in February. The surplus was seen at A$3.2 billion. The latest figure was the highest since February 2024. Exports increased 7.6 percent from a month ago on higher non-rural goods shipments. Meanwhile, imports fell 2.2 percent driven by capital goods, data showed.

Another report from the ABS showed that import price inflation accelerated to 3.3 percent sequentially in the first quarter from 0.2 percent in the fourth quarter of 2024.

Due to the deterioration of the Australian dollar value and tighter US sanctions on Russian and Iranian crude oil early in the year, import prices of petroleum, petroleum products and related materials advanced 8.2 percent.

Meanwhile, export price inflation eased to 2.1 percent from 3.6 percent in the previous quarter.

On a yearly basis, import prices were up 3.2 percent and export prices declined 4.7 percent in the first quarter.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

South Korea Exports Rise Most In 4 Months (18 min(s), 47 sec(s) ago)
(RTTNews) - South Korea's exports logged its fastest growth so far this year on robust chip de ...Full Story»

Irish Factory Activity Grows Most In Nearly 3 Years (19 min(s), 47 sec(s) ago)
(RTTNews) - Ireland's manufacturing activity expanded at the quickest pace in almost three yea ...Full Story»

Dutch Retail Sales Growth Improves To 3.4% (01 hr(s), 03 min(s), 47 sec(s) ago)
(RTTNews) - The Netherlands' retail sales growth rebounded in March largely on the back of hig ...Full Story»

Swiss Retail Sales Growth Exceeds Forecast (01 hr(s), 19 min(s), 47 sec(s) ago)
(RTTNews) - Swiss retail sales growth accelerated more-than-expected in March, data from the Feder ...Full Story»

Japan Consumer Confidence Falls To 26-month Low (01 hr(s), 36 min(s), 47 sec(s) ago)
(RTTNews) - Japan's consumer sentiment decreased further in April to the lowest level in more ...Full Story»

Bank Of Japan Retains Rate As Expected; Cuts Growth Outlook Amid Tariff Uncertainty (03 hr(s), 14 min(s), 47 sec(s) ago)
(RTTNews) - The Bank of Japan left its interest rate unchanged for the second consecutive meeting ...Full Story»

European Economic News Preview: UK Mortgage Approvals, Factory PMI Due (03 hr(s), 39 min(s), 47 sec(s) ago)
(RTTNews) - Mortgage approvals and final manufacturing Purchasing Managers' survey results fro ...Full Story»

Australia Trade Surplus Tops Expectations (04 hr(s), 23 min(s), 47 sec(s) ago)
(RTTNews) - Australia's trade surplus increased more than expected in March as exports logged ...Full Story»