Compared to the prior month, sales of goods and services increased by 9 percent to AUD 32.78 billion. It is the biggest jump since November of 2016.
Exports of rural goods rose 3 percent to AUD 4.2 billion, mainly due to a 15 percent increase in cereal grains & cereal preparations which was partially offset by a 20 percent decline in wool and sheepskins.
Exports of non-rural goods (bulk commodities and non-bulk commodities) were up 13 percent to AUD 20.70 billion, as coal, coke & briquettes recovered from a 45 percent drop in April, to a 62 percent increase in May.
Partially offsetting these gains were "other non-rurals, including sugar & beverages" (-11 percent) and metal ores & minerals (-7 percent).
Exports of non-monetary gold (gold which is not owned by monetary authorities and can be in the form of bullion, including coins, ingots or bar with a purity at least 995 parts per thousand) rose 3 percent to AUD 1.52 billion.
Exports of services went up AUD 84 million, or 1 percent, to AUD 6.39 billion mainly due to an increase in travel (+2 percent).
Imports of goods and services edged up 1 percent to AUD 30.31 billion. Intermediate and other merchandise goods contributed the most to this rise (+5 percent) which was itself buoyed by a sharp increase in fuels & lubricants (+17 percent). In contrast, imports of non-monetary gold fell 25 percent.
Imports of services rose AUD 29 million to AUD 6.47 billion. The main component contributing to the rise was "other services" (+1 percent) and travel (+1 percent).
Cumulatively from January to May 2017, the trade surplus was recorded at AUD 10 billion.