Australia Trade Balance for Dec AUD+6,785 mln vs 5022 prior, AUD firm

• AUSTRALIA DEC BALANCE GOODS/SVCS A$+6,785 MLN, S/ADJ
• 03-Feb-2021 18:30:00 - AUSTRALIA DEC GOODS/SERVICES EXPORTS +3 PCT M/M, SEASONALLY ADJUSTED
• 03-Feb-2021 18:30:00 - AUSTRALIA DEC GOODS/SERVICES IMPORTS -2 PCT M/M, SEASONALLY ADJUSTED

Description

The trade balance released by the Australian Bureau of Statistics is the difference in the value of its imports and exports of Australian goods. Export data can give an important reflection of Australian growth, while imports provide an indication of domestic demand. Trade Balance gives an early indication of the net export performance. If a steady demand in exchange for Australian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the AUD.

amore to come..