Australia posted a trade surplus of AUD 1.79 billion in April 2026, shifting from a downwardly revised AUD 1.02 billion deficit in the previous month and in line with market expectations. Exports grew 7.2% month-on-month to a three-year high of AUD 47.19 billion, after a downwardly revised 2.5% fall in March, primarily reflecting a sharp increase in metal ore and mineral prices amid supply concerns and rising energy costs. Non-rural goods shipments rose 11%, mainly driven by a surge in metal ores and minerals, which soared 18.5% amid rising prices.Meanwhile, imports rose 0.8% to AUD 45.40 billion, easing sharply from a downwardly revised 12.2% surge in March, as domestic demand moderated and businesses scaled back imports following strong growth in the previous month.