Australia trade balance improves in Jan but lags forecasts

Published 06/03/2025, 02:14
© Reuters.

Investing.com-- Australia’s trade balance grew slightly below expectations in January, as steady imports offset a surge in exports fueled by rising gold demand, data from the Australian Bureau of Statistics showed on Thursday.

Trade balance rose to a surplus of A$5.62 billion in January, from A$4.92 billion in the prior month. The reading was lower than expectations for a surplus of A$5.85 billion.

Overall exports rose by 1.3%, higher than the previous month’s 1.2% rise. This was due to higher shipments for non-monetary gold, amid global uncertainty stemming from trade wars.

Australian imports fell 0.3% month-on-month in January, in contrast to a 5.9% jump in December. This was attributable to lower demand for capital goods such as civil aircraft.

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