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AAP

Business

Derek Rose

Trade surplus hits record $17.7b in June

United States Australia Craig James Coal iron ore ABS China

Coal exports contributed to Australia's record trade surplus in June. (Nikki Short/AAP PHOTOS) (AAP)

Australia's trade surplus hit a record $17.7 billion in June, aided by strong shipments of coal, iron ore and grain.

The monthly surplus rose from May's $15.0 billion, the Australian Bureau of Statistics reported on Thursday, far outpacing expectations of a fall to $14 billion.

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