Exports a strong performer for Australia. April 2019 trade balance, a first glimpse at Q2.

Surplus for the month is 4.871bn AUD

  • expected + AUD 5bn
  • prior revised to +AUD 4.898bn from + AUD 4.949bn

A miss, and lower than march. Still a strong result.

Exports +2.5% m/m and 17.2% y/y

  • Imports up 2.8% m/m and 5.4% y/y

High commodity prices a tailwind for the exports figure.

Australia exports