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The Australian Bureau of Statistics released its trade data on Thursday. Australia's trade deficit narrowed to A$1.58 billion in April from A$1.97 billion in March, beating expectations for a rise to a deficit of A$2.0 billion. March's figure was revised down from a deficit of A$2.16 billion.
Exports increased by 1.0% in April, while imports declined by 1.0%.
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