Australia April Trade Balance Swings Back to Surplus
Australia recorded a trade surplus of A$1.8 billion in April as exports recovered. Higher iron ore and coal shipments helped offset a surge in fuel imports.
Australia returned to a goods trade surplus of A$1.8B ($1.28B) in April as resource exports recovered from weather-related disruptions. The result met market forecasts and reversed a surprise A$1.0B deficit recorded in March. The recovery in iron ore and coal shipments restored the trade balance to its first surplus following the first deficit since 2017.
### Resource Exports Drive Recovery Exports rose 7.2% in April, fueled by a recovery in iron ore and coal shipments. These sectors had previously struggled with output delays caused by adverse weather conditions. The Australian Bureau of Statistics data shows these commodities remain the primary engine for the trade balance of Australia.
