FX.co ★ Australia Trade Balance Swings to Surplus

Australia recorded a trade surplus of AUD 1.79 billion in April 2026, reversing a downwardly revised AUD 1.02 billion deficit in March and broadly matching market expectations. Exports climbed 7.2% month-on-month to AUD 47.19 billion, their highest level in three years, after a downwardly revised 2.5% decline in the previous month. The rebound was driven mainly by a sharp rise in metal ore and mineral prices, amid supply concerns and higher energy costs. At the same time, imports edged up 0.8% to AUD 45.40 billion, a marked slowdown from a downwardly revised 12.2% jump in March, as domestic demand softened and businesses pared back purchases from abroad following strong import growth in the prior month.