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Westpac IQ

Australia’s Trade in Goods Account, May

July 02 2026 5 mins

Trade data remained volatile amid sizeable swings in non-monetary gold flows, volatility in iron ore exports, elevated fuel imports amid global energy supply constraints, and a rapid increase in imports of components for data-centre fit outs. Trade balance: -$3.0bn. Export values: -6.9%mth. Import values: 2.6%mth.

Mantas Vanagas

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