From Yahoo Finance: 2025-04-30 23:21:00

Australia has seen a surge in exports to the United States, with a three-month run of goods exports reaching A$16.7 billion in March. This turnaround from a deficit to a surplus was largely driven by a spike in gold exports, as buyers stocked up in response to President Trump’s tariff policies.

The increase in gold exports to the U.S. also contributed to record high prices for the precious metal, benefiting Australian miners. Combined with a recovery in iron ore shipments, Australia’s goods surplus widened to A$6.9 billion in March, exceeding market expectations.

In March, Australian exports rose by 7.6%, fueled by a nearly 12% increase in iron ore shipments and a 26% rise in non-monetary gold exports. Meanwhile, imports fell by 2.2%, primarily due to a decrease in capital goods. This positive trade balance has been a boon for the Australian economy amidst global trade tensions.



Read more at Yahoo Finance: Australia boasts rare trade surplus with US on gold frenzy