Australia’s goods imports dropped 3.2% mom to a seven-month low of AUD 39.96 billion in February 2026, reversing an upwardly revised 1.0% growth in the prior month, amid weaker domestic demand and uncertainty in global trade flows due to geopolitical risks. Purchases of capital goods tumbled 8.1% to AUD 9.28 billion, pressured by a sharp decline in ADP equipment (-32.8%), civil aircraft and confidentialised items (-17.9%), and capital goods n.e.s. (-13.1%). Non-monetary gold imports also plunged 41.3% to AUD 1.94 billion. In contrast, arrivals of intermediate and other merchandise goods rose 3.1% to AUD 16.32 billion, supported by increases in processed industrial supplies n.e.s. (10.9%), parts for transport equipment (10.4%), and other parts for capital goods (0.1%). Meanwhile, imports of consumption goods grew 3.4%, lifted by gains in consumption goods n.e.s. (5.1%), non-industrial transport equipment (1.1%), textiles, clothing and footwear (1.1%), and food and beverages (4.9%).