Australia Export Prices Fall 0.9% in Q3

Australia's export prices dropped by 0.9% qoq in Q3 2025, following a 4.5% decline in Q2 and marking the 2nd decrease this year. The main contributors to the contraction were gas, natural & manufactured (-5.2%), driven by falls in petroleum gas prices as oil-indexed contracts followed lower crude oil prices during the June quarter. Coal, coke, and briquettes (-1.5%) also declined, weighed down by falling metallurgical coal prices, reflecting reduced demand stemming from China’s policy measures to curb unsustainable steel production. Declines were also recorded in metalliferous ores and metal scrap (-0.5%), due to lower alumina and bauxite prices as supply tightness eased this quarter. Offsetting these decreases were gold, non-monetary (+3.2%), reflecting sustained demand for gold as a safe-haven asset; and meat and meat preparations (+2.1%), boosted by strong demand for Australian beef and sheep meat. Through the year to Q3, export prices edged up by 0.1%, reversing a 3.3% fall in Q2.