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Australia Has A$1.055 Trade Surplus In January

Australia had a merchandise trade surplus of A$1.055 billion in January, the Australian Bureau of Statistics said on Thursday.

That blew away forecasts for a surplus of A$200 million following the upwardly revised A$1.146 billion deficit in December (originally A$1.358 billion).

Exports gained 4.0 percent on month to $33.924 billion, while imports sank 2.0 percent to A$32.869 billion.

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