Australian April Exports -5% m/m (prior 4%) & Imports 2% m/m (prior 2%)

Australian trade balance data for April 2023:

AUD11.16bn surplus ... a miss and lower than March on the exports drop

• expected $13.65bn, prior $15.27bn

April is the first month in Q2, exports not off to a good start. Resource exports underperforming.