Meanwhile, the recovery of iron ore shipments from bad weather has also contributed to the growth of Australia's exports. In March, the seasonally adjusted merchandise surplus expanded to A $6.9 billion, far exceeding the expected A $3.9 billion. Exports increased by 7.6% month - on - month, with iron ore rising by 12% and gold by 26%, while imports decreased by 2.2%. The price of gold in Australian dollars has risen 19% this year, significantly increasing the profits of mining enterprises.

This shift in the trade pattern highlights the market turmoil caused by tariff policies and the central role of gold as a safe - haven asset. It also changes the normal state of Australia being a traditional trade - deficit country with the US.