Australia’s goods imports fell 2.5% month-over-month to a five-month low of AUD 44.34 billion in July 2026, steeper than a revised 0.7% decline in the previous month amid sluggish domestic demand and soft business spending. Imports of intermediate and other merchandise goods plunged 7.8% to AUD 18.28 billion, dragged down by lower purchases of fuels and lubricants (-12.3%), processed industrial supplies n.e.s. (-4.7%), and other parts for capital goods (-1.7%). Also, purchases of non-monetary gold tumbled 31.1% to AUD 1.65 billion. In contrast, capital goods imports jumped 6.7% to AUD 10.74 billion, boosted by ADP equipment (50.4%), industrial transport equipment (7.6%), and civil aircraft and confidentialised items (16.6%). Meanwhile, consumption goods imports increased 3.5% to AUD 13.67 billion, lifted by non-industrial transport equipment (8.2%), food and beverages mainly for consumption (3.6%), and consumption goods n.e.s. (2.8%).