IHD News: Australia trade balance shrinks more than expected in December - 7th Feb 2023, 6:55am

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By Ambar Warrick

Investing.com-- Australia’s trade balance shrank more than expected in December, data showed on Tuesday, driven largely by a fall in the exports of mineral fuels and mining goods, while imports increased slightly on demand for overseas travel.

Australia’s trade balance fell to a surplus of A$12.24 billion (A$1=$0.6892) from A$13.20 billion in the prior month, the Australian Bureau of Statistics (ABS) said in a statement. The reading was below expectations for a trade...

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