RTTNews | Dec 1, 2021 07:38PM EST

19:38 Wednesday, December 1, 2021 (RTTNews.com) - Australia had a seasonally adjusted merchandise trade surplus of A$11.22 billion in October, the Australian Bureau of Statistics said on Thursday.

That exceeded expectations for a surplus of A$11.0 billion following the downwardly revised A$11.82 billion trade surplus in September (originally -A$12.243 billion).

Exports dropped 3.0 percent on month or A$1.491 billion to A$43.053 billion. Goods were down 3.0 percent on month, while services fell 6.0 percent.

Imports also slipped 3.0 percent on month or A$887 million to A$31.833 billion. Goods were down 3.0 percent on month, while services fell 2.0 percent.

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