Australia's merchandise trade surplus came in at a seasonally adjusted A$28 million in April, plummeting 95 percent on month, the Australian Bureau of Statistics said on Thursday.
The headline figure was well shy of forecasts for a surplus of A$180 million following the upwardly revised A$555 million surplus in March (originally A$307 million).
Exports were down 1 percent on month to A$25.419 billion, dipping from A$25.721 billion in the previous month.
Non-rural goods fell A$463 million (3 percent) and net exports of goods under merchanting lost A$7 million (37 percent). Non-monetary gold climbed A$138 million (12 percent) and rural goods added A$64 million (2 percent). Services credits shed A$34 million (1 percent).
Imports were up 1 percent on month to A$25.391 billion, rising from A$25.166 billion a month earlier.
Capital goods jumped A$733 million (16 percent) and non-monetary gold spiked A$67 million (18 percent). Intermediate and other merchandise goods declined A$354 million (4 percent) and consumption goods lost A$327 million (6 percent). Services debits collected A$107 million (2 percent). Upon the release of the data, the Australian dollar gave ground against major trading partners, now showing 0.9483 against the greenback, 94.20 against the yen, 1.1952 against the kiwi and 1.3777 against the euro.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.