The rebound followed an upwardly revised 7.6% decline in May, with non-monetary gold driving most of the increase in outbound shipments.
Australia's goods exports climbed 9.6% month-on-month to AUD 47.70 billion in June, reversing an upwardly revised 7.6% fall in May. The recovery was primarily driven by non-monetary gold (gold traded as a commodity rather than held as official reserves), pointing to a sharp bounce in export values after the previous month's decline.