FX.co ★ Australia Trade Surplus Largest in 17 Months

Australia experienced a significant widening of its goods trade surplus in July 2025, reaching AUD 7.31 billion, compared to AUD 5.37 billion in June. This figure far surpassed market expectations of AUD 5.0 billion, marking the largest trade surplus observed since February 2024. The increase was primarily attributed to a rise in exports coupled with a drop in imports. Exports saw a 3.3% month-over-month increase, reaching a 21-month peak of AUD 46.02 billion, building on a 6.3% increase recorded in June. Conversely, imports fell by 1.3% to AUD 38.71 billion, following a 3.1% decline in June, with this most recent decline largely stemming from reduced demand for non-monetary gold.