RTTNews | Sep 1, 2021 09:40PM EDT

21:40 Wednesday, September 1, 2021 (RTTNews.com) - Australia posted a seasonally adjusted merchandise trade surplus of A$12.117 billion in July, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for a surplus of A$10.2 billion and was up from A$10.496 billion in June.

Exports climbed A$2.090 billion or 5.0 percent on month to A$45.951 billion, up from 4.0 percent a month earlier.

Imports were up A$1.087 billion or 3.0 percent on month to A$33.834 billion, accelerating from 1 percent.

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