Australia's trade surplus declined in May as the growth in imports exceeded the increase in exports, official data showed on Thursday.
The trade surplus fell to A$5.77 billion in May from A$6.03 billion in April, the Australian Bureau of Statistics said. The surplus was expected to fall to A$6.2 billion.
In the same period last year, the trade balance posted a surplus of A$10.79 billion.
Exports posted a monthly growth of 2.8 percent driven by shipment of metal ores and minerals. At the same time, imports advanced 3.9 percent underpinned by fuels and lubricants.
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