Australia preliminary trade figures for January, exports drop 9% MoM.
Key statistics
Exports of goods in January 2021 declined $3,047m (-9%) to $32,126m. Imports of goods in January 2021 declined $2,626m (-10%) to $23,372m. For January 2021 there is a goods trade surplus of $8,754m (original, current price, merchandise trade basis). There has been no reaction for the Aussie as the report is subject to revisions and there is a focus on the forthcoming Federal Reserve event in the US session where the Fed's chair, Jerome Powell will be speaking.
About the report
''This publication presents preliminary data on Australia's international trade in goods on an original, current price, merchandise trade basis. These data are subject to revision as more complete and accurate information becomes available.''