Trade surplus narrows sharply as Cyclone Debbie blows coal shipments off course

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Posted

June 08, 2017 12:00:37

Australia’s recent run of booming trade figures may have already peaked with the surplus in April narrowing sharply.

In seasonally adjusted figures, the surplus of $555 million was down more than 80 per cent compared to the $2.6 billion recorded in March.

The biggest driver was a $2.5 billion — or 45 per cent — slump in coal exports as Cyclone Debbie severely disrupted mining and shipping operations.

More to come.

Topics:

economic-trends,

coal,

iron-ore,

international-aid-and-trade,

trade,

australia



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