Gas exports soar
LNG exports tore to a new record high of more than $4½ billion in October 2018, up from $2.1 billion only a year earlier.
It was also a strong month for coal, meaning record high exports for Australia.
And Aussie tourism is still firing, helping to push the trade services balance back into surplus for the first time in years.
Imports were higher in October, almost entirely due to high fuel prices, but of course the oil price has crashed since October so this trend will be reversed in the coming months.
The exporting states are enjoying the fruits of the coal and LNG boom.
Overall, fuel imports dented the trade surplus this month, then, but there could be some hefty surpluses ahead.
Positive news for the Aussie economy here.
