Australia posted a seasonally adjusted merchandise trade surplus of A$2.471 billion in May, the Australian Bureau of Statistics said on Thursday.
That exceeded forecasts for a surplus of A$1.10 billion following the downwardly revised A$90 million surplus in April (originally A$555 million).
Exports were up A$2,578 billion or 9.0 percent on month to A$32.781 billion.
Non-rural goods rose A$2.333 billion (13 percent), rural goods rose A$118 million (3 percent) and non-monetary gold rose A$42 million (3 percent).
Net exports of goods under merchanting remained steady at A$27 million. Services credits rose A$84 million (1 percent).
Imports added A$197 million or 1.0 percent on month to A$30.310 billion.
Intermediate and other merchandise goods rose A$436 million (5 percent) and consumption goods rose A$119 million (1 percent).
Capital goods fell A$285 million (5 percent) and non-monetary gold fell A$102 million (25 percent). Services debits rose A$29 million.
by RTT Staff Writer
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