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.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Europe New Car Sales Growth Eases (11 min(s), 58 sec(s) ago)
(RTTNews) - Europe's new car registrations grew at a slower pace in April amid heightened geop ...Full Story»

New Zealand Holds Key Rate; Signals Rate Hikes (04 hr(s), 17 min(s), 58 sec(s) ago)
(RTTNews) - The Reserve Bank of New Zealand maintained its benchmark interest rate on Wednesday an ...Full Story»

Japan Producer Prices Rise 3.0% On Year In April (25 min(s), 02 sec(s) ago)
(RTTNews) - Producer prices in Japan were up 3.0 percent on year in April, the Bank of Japan said ...Full Story»

New Zealand Rate Decision Due On Wednesday (33 min(s), 02 sec(s) ago)
(RTTNews) - The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday ...Full Story»

Villeroy De Galhau Says ECB 'Will Do What Is Necessary' To Rein In Inflation: CNBC (37 min(s), 02 sec(s) ago)
(RTTNews) - The European Central Bank "will do what is necessary" to bring inflation back to the 2 ...Full Story»

U.S. Consumer Confidence Edges Modestly Lower In May (20 min(s), 02 sec(s) ago)
(RTTNews) - Consumer confidence in the U.S. saw a modest deterioration in the month of May, accord ...Full Story»

Hungary Central Bank Holds Interest Rates Steady As Expected (34 min(s), 02 sec(s) ago)
(RTTNews) - The Hungarian central bank left its key interest rates unchanged for a third policy se ...Full Story»

South African Leading Index Improves In March (04 min(s), 58 sec(s) ago)
(RTTNews) - South Africa's composite leading index strengthened for the third straight month i ...Full Story»