Category
Trade and investment
Australia recorded its largest financial year trade surplus in 2019-20, off the back of booming goods exports, according to new data released today from the Australian Bureau of Statistics.
The data shows that despite severe global economic shocks from COVID-19, Australia posted a record financial year trade surplus of $77.4 billion in 2019-20 with Australian goods exports growing by $9.29 billion or 2.5 per cent. Australia also recorded its 30th consecutive monthly trade surplus in June 2020, worth $8.2 billion, the second highest monthly trade surplus.
Media release: Australia’s export sector continues to boom despite ongoing challenges