Australia posted a merchandise trade deficit of A$673 million in January, the Australian Bureau of Statistics said on Friday.
That was sharply lower than forecasts for a surplus of A$1.5 billion following the surplus of A$1.709 billion in December.
Exports declined 8.0 percent on year to A$25.372 trillion, down from A$27.651 trillion in the previous month.
Imports eased an annual 1.0 percent to A$26.045 trillion, down from A$26.326 trillion a month earlier.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.