FX.co ★ Australia’s Import Growth Accelerates Sharply in May, Rising to 2.6% MoM

Australia’s import activity recorded a marked acceleration in May 2026, with month‑over‑month growth rising to 2.6%, up from a modest 0.2% increase in April. The latest data, updated on 2 July 2026, point to a significant pick‑up in inbound trade flows compared with the previous month.

The “Actual” May reading reflects the change in imports from April to May 2026, while the “Previous” April figure captures the change from March to April 2026. The sharp move from 0.2% to 2.6% suggests a stronger demand for foreign goods and services, or shifting trade dynamics, within a relatively short period.

This acceleration in imports will be closely watched by market participants and policymakers, as it can influence trade balance readings and potentially signal changes in domestic consumption and investment patterns heading into the second half of 2026.