Australia’s goods exports dropped 2.7% month-on-month to AUD 43.93 billion in March 2026, reversing a downwardly revised 4.2% rise in the previous month, mainly driven by other rural products. Rural exports plunged 11.6% to AUD 6.32 billion, weighed down by declines in meat and meat preparations (-2.9%), other rural goods (-23.1%), cereal grains and cereal preparations (-6.0%), and wool and sheepskins (-8.9%). Also, non-monetary gold exports dropped 6.1% to AUD 7.42 billion due to lower global gold prices, which fell over 10% in March, the steepest decline since June 2013. Meanwhile, non-rural shipments edged up 0.3% to AUD 30.14 billion, boosted by higher sales of other mineral fuels (4.6%), metals (3.0%), machinery (12.6%), and goods procured in ports by carriers (35.3%). By contrast, sales fell for metal ores and minerals (-1.4%), coal, coke, and briquettes (-1.8%), transport equipment (-6.2%), and other manufactures (-2.0%).

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