Australia's trade surplus declined in January due to the fall in exports, the Australian Bureau of Statistics reported Thursday.
The trade surplus fell to A$2.63 billion from A$3.37 billion in December. In the same period last year, the surplus totaled A$4.55 billion.
Exports of goods decreased 0.9 percent from the prior month. Net exports of goods under merchanting plunged 14.3 percent and general merchandise dropped 2.3 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.