Australia’s Trade Surplus for Goods Has Dropped

An undated photograph released on Sept. 4, 2009, by Rio Tinto shows high grade iron ore in Western Australia's Pilbara region, destined for China. Christian Sprogoe/AFP/Getty Images

Australia’s trade surplus for goods has dropped to its lowest level in two years after China stopped buying a range of exports.

The goods trade surplus for November was $1.9 billion after exports rose just one percent, according to Australian Bureau of Statistics figures published on Dec. 23.