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Australia April trade balance surplus A$555 million, narrower than the A$1.95 billion surplus seen

Dominic Lorrimer | Getty Images

Australia on Thursday reported a trade balance surplus of A$555 million annual for May, narrower than a forecast of A$1.95 billion expected.

Exports fell 8 percent in April compared to a 2 percent gain in March with coal shipments notably down 45 percent while imports dipped 1 percent in April, down from a 5 percent increase in March.