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Another trade surplus recorded

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November 2011 saw another trade surplus recorded for Australia, making it the ninth consecutive monthly trade surplus in 2011 and a welcome report at the start of the new year. The 1.4 billion dollar surplus, released last week in the monthly International Trade in Goods and Services series by the Australian Bureau of Statistics, was similar to the surplus recorded in October of last year, with exports up 0.2 percent and imports up 0.4 percent. Non-monetary gold was largely responsible for the rise in exports, combined with lower exports of minerals and ores, which fell four percent in November. On the rise was the export of manufactured goods, up four percent, alongside transport equipment, rural exports and shipments of cereal grains and preparations.

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