Australia's trade surplus expands to $3.017 billion in September, close to its highest level since February 2017, surpassing expectations of an estimated $1.8 billion. The previous reading was revised from $1.604 billion to $2.342 billion.
Exports rose 1% to $37.496 billion to record new highs. The increase may be due to an increase in exports of non-rural goods, which jumped by $678 million compared to the previous month. While exports of minerals and iron ore increased by $551 million on a monthly basis. But coal exports fell by $141 million.
On the other hand, imports fell 1% to $34.479 billion, with non-cash gold falling by $59 million. But imports of intermediate goods rose by 210 million, goods by 53 million, and consumer goods and services by 11 million.
