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AAP
AAP
Business
Derek Rose

Aust trade surplus dropped in August

Both imports and exports were up in August, the Australian Bureau of Statistics says. (Mick Tsikas/AAP PHOTOS) (AAP)

Australia's trade surplus dipped by $643 million in August to $8.3 billion, statistics show.

It's the 56th consecutive monthly trade surplus but the second straight month of declines.

The trade surplus fell more sharply in July, from $17.5b to $9b, as imports recovered.

Both imports and exports were up in August, the Australian Bureau of Statistics said on Thursday..

Exports were up 2.6 per cent to $56.8b as thermal coal exports jumped 45.6 per cent.

Imports rose 4.5 per cent to $48.5b, driven by "fuel and lubricants".

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