Australia trade balance for April shows a surplus of AUD 8028m (expected surplus A$8250m)

Australia trade balance for April A$2028m surplus

• expected surplus A$8250m

• prior surplus A$5574m

Exports +3% m/m

• expected 7%, prior -2%

Imports -3% m/m

• expected -3%, prior 4%

Exports as a % of GDP were not as bad as expected in the Q! GDP data released earlier in the week. The April figure kicks off Q2 trade data and its looking OK although not as high a surplus as was expected.