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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