Australia's trade surplus came in at a beat, a larger surplus than expected, in November.

Exports were more or less unchanged (-0.4%) on the month as imports dropped (-1.5%) back from October..

  • drop in liquefied natural gas exports
  • increase in iron ore earnings

Imports dropped of consumption and capital goods, and transport services

Australia November trade balance 12 January 2023

AUD/USD little changed.