Australia’s exports grew 3.7% month-on-month to a 29-month high of AUD 47.43 billion in August, rebounding from a revised 3.6% fall in July, primarily boosted by higher exports of non-monetary gold and coal, coke, and briquettes. Exports of non-monetary gold increased 20.2% month-on-month to AUD 6.43 billion. Non-rural goods shipments increased 2.0% month-on-month to AUD 34.56 billion, mainly due to higher exports of coal, coke, and briquettes, which rose 4.7%. The increase was also boosted by other mineral fuels (2.8%), metals (11.0%), machinery (0.5%), and other manufactures (0.8%). By contrast, rural exports fell 1.0% month-on-month to AUD 6.38 billion, weighed down by exports of meat and meat preparations (-2.1%) and cereal grains and cereal preparations (-4.3%).
