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flag Australia's trade surplus dropped in November 2026 due to falling iron ore and gold exports.

flag 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. flag Imports rose 0.2%, driven by stronger industrial supplies, partially offsetting declines in machinery and aircraft. flag The weaker surplus reflects ongoing challenges in commodity demand and shifting global trade patterns.

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