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Australia news live: Surge in EV demand and fuel diplomacy push send trade surplus to nine-year low

business

Australia's goods trade surplus shrank to its lowest point in nine years, reaching just one point one billion dollars in the June quarter, according to The Guardian. A surge in electric vehicle imports and shifts in fuel diplomacy both contributed to the narrowing.

Source: https://www.theguardian.com/australia-news/live/2026/aug/...

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