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Australia March Trade Surplus A$9.314 Billion

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Australia posted a merchandise trade surplus of A$9.314 billion in March, the Australian Bureau of Statistics said on Thursday.

That topped expectations for a surplus of A$8.5 billion and was up from A$7.457 billion in February.

Imports fell A$1.949 billion or 5.0 percent A$40.139 billion, driven by decreases in imports of processed industrial supplies.

Exports fell A$72 million (0 percent) to A$49.453 billion, driven by falls in exports of non-monetary gold and cereal grains and cereal preparations.

*Australia Imports -5.0% On Month, Exports +0.1% In March

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