Australia trade balance for February AUD 7529m surplus (prior 10142m surplus)

Australia trade balance for February is a surplus of AUD 7529m

• expected AUD9872m surplus

• prior AUD 10142m surplus

• exports -1% vs. expected +1%, prior +6%

• imports +5% vs expected +4%, prior -2% ... a solid showing for domestic demand boosting imports

Exports to China dropped 8% m/m and rose 17.8% y/y

• Japan -4.5% & -16.8% respectively
• Korea +30.4% m/m & +41.3% y/y