Australia’s goods exports slumped 7.8% month-on-month to a three-month low of AUD 41.86 billion in August 2025, following a downwardly revised 2.5% increase in July. The decline was primarily driven by a 47.2% plunge in shipments of non-monetary gold to AUD 2.95 billion, after a rise in the previous month. Exports of non-rural goods fell 2.5% to AUD 31.84 billion, led by lower sales of coal, coke, and briquettes (-4.8%), metals - excl. non-monetary gold (-8.0%), other mineral fuels (-8.4%), and other manufactures (-0.8%). Meanwhile, shipments of rural goods rose 3.1% to AUD 6.64 billion, driven by higher exports of other rural products (12.3%) and wool and sheepskins (14.7%). Among trading partners, shipments to the US slumped 44.3% due to newly imposed US tariffs, while exports to the UK plunged 45.3%. Exports also declined to Japan (-16.4%), India (-19.4%), and Taiwan (-1.7%). In contrast, exports to China — Australia’s top trading partner — rose 4.3%.