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Australia’s trade deficit widened in June, as imports rose and exports fell...

A recent surge in resource and manufacturing exports has led to a sharp narrowing in Australia’s trade deficit for October, according to new data.

Australia has posted its biggest trade deficit in almost a year-and-a-half, due largely to weaker iron-ore prices and a stronger Australian dollar.

The world is "licking its lips" for Australian resources making predictions of economic doom and gloom for the May budget unrealistic, a leading economic forecaster has said.

A $205 million trade deficit in February has taken economists by surprise, as flooding in Queensland affects exports and oil prices drove up imports.