Financial News: Australia Trade Balance Swings To Deficit

Australia Trade Balance Swings To Deficit

05/07/2026 - 00:51:00 (RTTNews)

(RTTNews) - Australia's trade balance registered its first deficit since late 2017 amid a sharp increase in imports, data published by the Australian Bureau of Statistics showed on Thursday.

The trade deficit totalled A$1.84 billion in March compared to a surplus of A$5.03 billion in February. This was the first shortfall since December 2017. Economists had forecast the surplus to drop to A$4.38 billion.

Exports of goods decreased 2.7 percent from the previous month. At the same time, imports logged a double-digit increase of 14.1 percent in March, data showed.

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