FX.co ★ Australia Trade Surplus Smallest Since 2020

In February 2025, Australia's goods trade surplus fell to AUD 2.97 billion, a notable decline from the revised figure of AUD 5.16 billion in January and significantly below market forecasts of AUD 5.6 billion. This represents the smallest trade surplus since August 2023, mainly due to a decrease in exports alongside an increase in imports. Exports dropped by 3.6% from the previous month, reaching a five-month low of AUD 42.31 billion, after a slight upward revision of 0.8% in January, with non-monetary gold being a major factor in this decline. Conversely, imports increased by 1.6% to hit a record AUD 39.34 billion, reversing a marginal decline of 0.4% in the prior month, driven primarily by an uptick in capital goods.