Australia trade balance for December 2020 6785m surplus

  • expected surplus AUD8750m

  • prior +AUD5022m

exports +3% m/m for a miss, dragging down the surplus on the month

  • expected +6%, prior +3%

imports -2% m/m

  • expected -2%, prior +10%

Net exports appear to have subtracted 0.2% from Q4 GDP growth