Australia's mining and energy exports forecast to drop by $33 billion by 2026 due to global economic factors.

Australia's mining and energy export earnings are forecast to drop over the next two years due to trade barriers, falling commodity prices, and a weak global economy. The report by the Department of Industry, Science, and Resources projects a decrease from A$385 billion this year to A$352 billion in 2026-27. Iron ore earnings, the country's top export, are predicted to fall from A$116 billion to A$97 billion over the same period. However, gold exports are expected to rise, potentially becoming the third-largest export, with revenue forecast to increase to A$56 billion.