Australia's March Trade Surplus Smaller Than Estimated

The video discusses trade figures for March and April, noting a slight miss in April's trade balance at $3.1 billion, while March's figures were revised up to $3.66 billion. Imports rose by 5% and exports by 2% from the previous month, coinciding with a period when iron ore prices were above $80 per ton. The Aussie dollar showed little reaction, remaining stable at 74.20.

What was the revised trade balance figure for March?

• $3.5 billion

• $3.1 billion

• $3.66 billion

• $3.25 billion

By what percentage did imports increase from the previous month?

• 2%

• 3%

• 5%

• 7%

What was the percentage increase in exports from a month earlier?

• 4%

• 2%

• 5%

• 1%

During the period discussed, what was the price of iron ore per ton?

• $75.00

• $70.00

• $80.00

• $85.00

How did the Aussie dollar react to the trade figures?

• It remained unchanged

• It decreased significantly

• It fluctuated wildly

• It increased significantly