UBS on Australian trade - export values to surge, to narrow trade deficit sharply

UBS economist George Tharanou says its possible Australia could be heading for a near term trade surplus

• He cites the rise in coal prices (will push export values higher in September and October)


• This will narrow the trade deficit sharply


• He quantifies the effect by saying with coal exports around $2.8 bn/month (equating to a near 10% cent share of total exports, the higher price "if sustained over coming months, could potentially be large enough to wipe out the overall trade deficit by itself"

UBS on Australian trade - export values to surge, to narrow trade deficit sharply
UBS on Australian trade - export values to surge, to narrow trade deficit sharply
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