India, May 1 -- Australia's trade surplus increased more than expected in March as exports logged a stronger growth amid falling imports, figures from the Australian Bureau of Statistics revealed Thursday.
The trade surplus surged to A$6.9 billion in March from A$2.8 billion in February. The surplus was seen at A$3.2 billion. The latest figure was the highest since February 2024. Exports increased 7.6 percent from a month ago on higher non-rural goods shipments. Meanwhile, imports fell 2.2 percent driven by capital goods, data showed.
Another report from the ABS showed that import price inflation accelerated to 3.3 percent sequentially in the first quarter from 0.2 percent in the fourth quarter of 2024.
Due to the deterioration of the Au...