Australia’s trade surplus rose above market expectations in December by millions.
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Australia’s resource and energy commodity export earnings are expected to reach $206 billion in 2011-12, says the quarterly report by the Bureau of Resources and Energy Economics.
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Australia’s trade surplus rose to $2.6 billion in September, which was below market expectations however still strong in year-on-year terms. Exports have risen 12.3 percent y-o-y with imports increasing 10.7 percent.
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