Economic Buzz: Australia's trade surplus climbs to AUD 4.39 billion on strong gold exports
04-Dec-2025
09:42
Australia's goods trade surplus widened to AUD 4.39 billion in October 2025, boosted by stronger exports that outpaced rising imports. Outbound shipments rose 3.4% to a two-year high of AUD 45.98 billion, driven mainly by a sharp 14.2% jump in non-monetary gold exports after an already strong surge in September. Export flows strengthened toward South Korea, India, and Japan, though shipments to the United States dropped due to recent tariffs, and exports to China slipped slightly. Imports also increased 2% to a record AUD 41.59 billion, reflecting firm domestic demand ahead of the festive season.
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