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7/7, 3:34 AM (Source: TeleTrader)
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Australia trade surplus at $10.8M in May

Australian May trade surplus went above analyst expectations to amount to A$15.9 million (~$10.8 million), the country's Bureau of Statistics reported on Thursday.

Australian exports rose 9.5% to A$58.4 million (~$39.7 million), led by rises in exports of coal, coke and briquettes, and other mineral fuels.

The country's imports increased 5.8% to A$42.4 million (~$28.8 million), primarily driven by import rises of fuels and lubricants, as well as non-industrial transport equipment.

Baha Breaking News (BBN) / SP