FX.co ★ Australia Imports Notch Record High

In May 2025, Australia's goods imports surged to a record-breaking AUD 40.16 billion, marking a 3.8% increase from the prior month, which itself saw an upwardly revised growth of 1.6%. This substantial rise in imports occurred in the context of U.S. President Trump's 90-day suspension of reciprocal tariffs, a move that facilitated increased trade activity. Importation of consumption goods increased by 3.0%, reaching AUD 12.98 billion, primarily driven by significant growth in non-industrial transport (7.9%), food and beverages for consumption purposes (5.1%), and miscellaneous consumption goods (0.4%). Additionally, the importation of capital goods witnessed an 8.6% rise, totaling AUD 10.20 billion, with notable contributions from miscellaneous capital goods (19.6%), machinery and industrial equipment (6.1%), as well as industrial transport equipment, not elsewhere specified (15.4%). Intermediate and other merchandise goods also saw a boost of 1.8%, amounting to AUD 15.49 billion, led by increases in imports of fuels and lubricants (3.2%), processed industrial supplies (2.6%), and transport equipment parts (5.5%). Moreover, the import of non-monetary gold experienced a slight uptick of 0.2%, reaching approximately AUD 1.49 billion.