Australia’s trade surplus hit a record $16 billion (US$10.9 billion) in May following a hike in coal exports.
The surplus went up by $2.7 billion compared to the previous month and far exceeded market expectations by around $10.5 billion.
A container ship is pushed to its berth by a tug at the Port of Melbourne, Australia, on June 6, 2018. William West/AFP via Getty Images
|Updated:
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
