6 Nov 2008

Australian trade surplus jumps to almost $A1.5b

9:35 am on 6 November 2008

Australia has posted its second biggest monthly trade surplus on record.

Official figures show Australia's surplus has risen for a second month in a row to almost $A1.5 billion.

The ABC reports the surplus climbed almost 20% from August to September and is the biggest since June 1997.

The value of exports rose by 8% to $A26.5 billion. Imports rose 7% to $A25 billion.

Federal Trade Minister Simon Crean says it is further reason to be confident the Australian economy is well placed to withstand the global financial meltdown.