Australia’s trade surplus in goods widened to AUD 5.37 billion in June 2025, up from a downwardly revised AUD 1.60 billion in May and above market expectations of AUD 2.5 billion. This marked the largest trade surplus since March, as exports grew while imports fell. Exports rose by 6.0% month-over-month to a 16-month high of AUD 44.32 billion, following an upwardly revised 3.0% drop in May, mainly driven by stronger shipments to China and the United States, after falling in the previous month while surging to the UK. Exports to China, Australia’s top trading partner, rose 9.0%, rebounding sharply from a 0.4% decline in May. Meanwhile, imports dropped by 3.1% to AUD 38.95 billion, reversing from a downwardly revised 3.3% increase in May, mainly weighed down by capital goods.