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03.09.2026 08:52:14
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Australia Trade Surplus Declines
(RTTNews) - Australia's trade surplus declined in July due to the fall in exports, data from the Australian Bureau of Statistics showed on Thursday.
The trade balance posted a surplus of A$1.9 billion in July compared to a surplus of A$2.34 billion in June. The surplus was forecast to fall sharply to A$1.4 billion.
Exports decreased 3.3 percent in July from the previous month driven by non-monetary gold and coal, coke and briquettes.
At the same time, imports fell 2.5 percent driven by fuel and lubricants and non-monetary gold, data showed.
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