Australia reported its third consecutive monthly trade surplus in April, at A$28 million (approximately US$26.8 million), according to data released by the Australian Bureau of Statistics.
Compared with the previous month, which had a surplus of A$555 million, imports in April increased and exports fell slightly.
The value of monthly agricultural exports rose 2 percent to A$3.2 billion; exports of meat increased 3 percent to A$680 million. Non-monetary gold also rose by 11.8 percent to A$1.3 billion, although the value of non-rural goods exports dropped 2.7 percent to A$16.6 billion.
Compared with April 2012, Australia’s merchandise exports to China increased 16 percent to A$7.4 billion, while merchandise exports to South Korea rose 5.5 percent to A$1.5 billion. Exports to India were up 17 percent for the month and more than 8 percent for the year.
“The trade and investment relationship with Asia is strong and getting stronger,” remarked Craig Emerson, Australia’s trade minister, in a written statement.