Australia’s Goods Trade Surplus Reaches A$2.83 Billion in September

The gap between Australia’s goods exports and imports widened to a seasonally adjusted A$2.826 billion in September, the largest monthly surplus since February, when it reached A$5.179 billion. The balance was A$184 million in August.

Goods exports rose A$1.090 billion, or 2.3%, from August to A$48.434 billion. Other mineral fuels increased A$502 million, or 6.6%, while metals excluding non-monetary gold rose A$382 million, or 23.5%.

Goods imports fell A$1.551 billion, or 3.3%, to A$45.609 billion. Non-monetary gold, civil aircraft and confidentialized items contributed to the decline. Non-monetary gold imports fell A$1.096 billion, or 34.7%; that component is not seasonally adjusted.