The Australian Bureau of Statistics (ABS) has announced the seasonally adjusted balance on goods and services surplus decreased $1,297M in January to $11,688M.
The result was slightly softer than consensus expectations for a $12.3B surplus.
ABS says goods and services debits (imports) rose $2,082M (4.6%) driven by Non-industrial transport equipment.
It also says goods and services credits (exports) rose $784M (1.4%) driven by Metal ores and minerals.