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AAP

Business

Poppy Johnston and Andrew Brown

Australia returns trade surplus of $11.6 billion

Inflation Reserve Bank RBA

The Reserve Bank of Australia has been lifting interest rates since May to rein in inflation. (Bianca De Marchi/AAP PHOTOS) (AAP)

The trade surplus fell to $11.6 billion in January from $12.9 billion in December.

Trade data released by the Australian Bureau of Statistics on Tuesday showed exports grew 1.4 per cent in January and imports swelled by 4.6 per cent over the month.

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