Australia’s goods trade surplus widened to AUD 3.94 billion in September 2025, up sharply from a downwardly revised AUD 1.11 billion in August and surpassing market expectations of AUD 3.85 billion. Exports rose 7.9% month-over-month to AUD 44.58 billion in September, rebounding strongly from an upwardly revised 8.7% plunge in August. The recovery was largely driven by a 62.2% surge in non-monetary gold shipments to AUD 5.34 billion, amid soaring prices, recovering from a 47.2% plunge in the previous month. Among trading partners, exports to China - Australia’s top trading partner - rose 9.7%. Shipments also increased to Hong Kong (72.8%), India (40.0%), and Indonesia (29.4%), while exports to the United States surged 24.4% despite the imposition of new tariffs. On the imports side, inbound shipments increased 1.1% to a record AUD 40.64 billion, ahead of the holiday season, following a marginally revised 3.3% gain in August.