Australia's May Trade Surplus Wider Than Expected

Australia's May Trade Surplus Wider Than Expected

Assessment

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Business

University

Hard

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Australia's trade surplus in May was a surprising 2.47 billion AUD, driven by a 9% increase in exports, recovering from disruptions caused by Cyclone Debbie. The Aussie dollar strengthened, coinciding with positive global trade discussions at the G20. However, the sustainability of these trade figures is uncertain due to declining coal shipments and reduced purchases by Japan and China.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact did Cyclone Debbie have on the trade numbers in April?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What trends were observed in coal shipments according to the Bloomberg story mentioned?

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