Dose Australia have a favorable or unfavorable balance of trade?

Australia has historically maintained a favorable balance of trade, primarily due to its strong export sector, particularly in commodities like iron ore, coal, and agricultural products. However, fluctuations in global demand and import levels can impact this balance. As of recent years, Australia has generally reported trade surpluses, but it remains sensitive to international market conditions. Overall, while the balance can vary, Australia often benefits from a positive trade scenario.