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Australia's trade surplus on goods declined to AUD 4.61 billion in September 2024 from a downwardly revised AUD 5.28 billion in August, missing market expectations for a gain of AUD 5.30 billion. It was the smallest trade gain since March as exports fell more than imports. Shipments dropped by 4.3% from a month earlier to a 33-month low of AUD 40.83 billion, primarily due to lower other mineral fuels, with outbound shipments shrinking mainly to India (-13.6%), Indonesia (-25.1%), and Japan (-15.9%). Purchases also fell by 3.1% to a nine-month low of AUD 36.22 billion, mainly weighed down by fuels and lubricants.