News

Australian trade data for November, imports down, exports little changed (m/m)

Australian trade data for November, imports down, exports little changed (m/m)

Despite a larger surplus than expected, the Australian dollar rose against the US dollar in November. November’s trade balance came in higher than expected, according to Australia’s Bureau of Statistics. LNG exports decreased sharply in November, while iron ore earnings increased. This can be attributed to a sharp decrease in LNG exports and an increase in iron ore earnings. Although imports decreased for both consumption and capital goods, transport services decreased the most.

Andrew Johnson is a seasoned journalist with a keen interest in the commodity market. He is a regular contributor to Livemarkets.com, where he covers the latest news, trends, and analysis related to the commodity industry. With years of experience under his belt, Andrew has established himself as a reliable source of information on the global commodity market.