Australian Trade Surplus Grows In January

(RTTNews) - Australia's trade surplus increased in January as exports rose amid a fall in imports, official data showed on Thursday.

The trade surplus rose to A$5.62 billion in January from A$4.92 billion in December, the Australian Bureau of Statistics said.

In the same period last year, the trade balance posted a surplus of A$9.39 billion.

Exports posted a monthly growth of 1.3 percent driven by non-monetary gold. At the same time, imports dropped 0.3 percent due to a 7.7 percent decrease in inflows of capital goods.