Australia’s Trade Surplus Rose 2Pct in May

Australia’s Trade Surplus Rose 2Pct in May
Container trucks arrive at Port Botany's maritime dock near Sydney on November 26, 2008. GREG WOOD/Getty Images
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Australia’s trade surplus rose 2.0 percent to $8.03 billion in May, as imports fell faster than exports.

Exports dropped 4.0 percent to $35.7 billion, while imports dropped 6.0 percent to $27.7 billion, data from the Australian Bureau of Statistics showed on July 2.