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Australia's trade surplus dropped in November 2026 due to falling iron ore and gold exports.
Australia's trade surplus fell to A$2.94 billion in November 2026, below expectations, as exports dropped 2.9% mainly due to a 9% decline in iron ore shipments and an 8% drop in gold exports.
Imports rose 0.2%, driven by stronger industrial supplies, partially offsetting declines in machinery and aircraft.
The weaker surplus reflects ongoing challenges in commodity demand and shifting global trade patterns.
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El superávit comercial de Australia cayó en noviembre de 2026 debido a la caída de las exportaciones de mineral de hierro y oro.