Australia Posts Biggest Trade Deficit Since 2015 as Gold, Iron Ore Exports Slump

Australia’s trade balance unexpectedly swung into its largest deficit in more than a decade in May as a sharp drop in commodity exports outweighed a rise in imports. The Australian Bureau of Statistics reported a goods trade deficit of AUD 3.02B, compared with a revised surplus of AUD 1.38B in April and well below market […]

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