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Weaker Commodity Prices Set to Tip Australia Into Trade Deficit

Weaker Commodity Prices Set to Tip Australia Into Trade Deficit
Bloomberg Technology Monday 06 July 2026, 01:33 UTC By James Mayger 1 min read
Key Points

Weaker Commodity Prices Set to Tip Australia Into Trade Deficit The boost to Australia’s trade from the mining boom looks to be fading as imports soar and export growth flatlines, potentially putting it on track for the first annual deficit since 2016. The goods trade surplus so far this year slumped as imports of fuel and equipment for a data center bonanza surged, while exports stagnate.

Weaker Commodity Prices Set to Tip Australia Into Trade Deficit The boost to Australia’s trade from the mining boom looks to be fading as imports soar and export growth flatlines, potentially putting it on track for the first annual deficit since 2016. The goods trade surplus so far this year slumped as imports of fuel and equipment for a data center bonanza surged, while exports stagnate.
Australia (LOCATION)
Originally published by Bloomberg Technology Read original →

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