Business & Finance
Australia’s Surplus Heads for Decade-Low on Chip, Energy Imports
Key Points
Trade Australia’s Surplus Heads for Decade-Low on Chip, Energy Imports Australia’s trade surplus is on track to slump to its lowest level in a decade this year, as chips and servers needed for data centers add to a surge in imports from China while energy costs spiral higher. Imports in September rose more than 13% to A$45.2 billion ($32 billion), second-highest after August’s record, data from the Australian Bureau of Statistics showed on Thursday. Exports expanded 10% to almost A$48...
Trade
Australia’s Surplus Heads for Decade-Low on Chip, Energy Imports
Australia’s trade surplus is on track to slump to its lowest level in a decade this year, as chips and servers needed for data centers add to a surge in imports from China while energy costs spiral higher.
Imports in September rose more than 13% to A$45.2 billion ($32 billion), second-highest after August’s record, data from the Australian Bureau of Statistics showed on Thursday. Exports expanded 10% to almost A$48 billion, leaving a surplus of A$2.8 billion for the month.