Higher iron ore exports pushed the trade surplus to a record $5.7 billion in May in seasonally adjusted terms, smashing the previous record of $4.8 billion set only a month prior.
The growing surplus means net exports might again provide a boost to the gross domestic product figures in the June quarter.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
