Australia April goods trade back in surplus as exports rebound
Tweet
Share
E-mail
A tugboat escorts the container ship "One Cosmos" as it leaves Port Botany in Sydney, Australia, April 22, 2026. REUTERS/Hollie Adams
SYDNEY, June 4 (Reuters) - Australia's balance on goods trade swung back into surplus in April after a surprise deficit the month before, data showed on Thursday, as a rebound in resource exports helped offset a surge in fuel imports.
The Australian Bureau of Statistics reported the balance on goods recorded a surplus of A$1.8 billion ($1.28 billion) in April, bang in line with market forecasts. March had seen the first deficit since 2017 at A$1.0 billion.
Exports jumped 7.2% as iron ore and coal shipments recovered from weather disruptions. Imports rose 0.8%, led by a 41% rise in fuel as the Australian government secured shipments of petrol and diesel to cover shortages caused by the Gulf war. Imports of computing equipment used in data centres fell back 42% after a surge in March.
($1 = 1.4019 Australian dollars)
(Reporting by Wayne Cole; Editing by Himani Sarkar)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US military says it struck vessel in Eastern Pacific, killing two
- Lula's campaign considers curbing on independent contractors in potential new term
- Israel's Netanyahu says Iran tried to kill one of his sons
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
