Australia Q1 Export Prices Rise for 2nd Quarter

Australia's export prices increased by 2.1% qoq in Q1 of 2025, after a 3.6% rise in Q4 of 2024 and marking the second consecutive quarter of rise.

Main contributors to the growth were metalliferous ores and metal scrap (5.4%), led by a rise in iron ore prices in response to economic data from China and the announcement of further Chinese government economic stimulus measures; gold, non-monetary (12.4%), due to growing global uncertainty, resulting in ongoing strength in demand for gold as a safe haven asset and continued building of gold reserves by central banks.

Offsetting the rise were coal, coke, and briquettes (-6.6%), with metallurgical coal price falls as milder winter temperatures in North Asia lowered demand for coal-generated electricity; gas, natural and manufactured (-2.5%), weighed by falls in petroleum gases prices.

Through the year to Q1, export prices dropped by 4.7%, following an 8.6% fall in Q4.