Commonwealth Bank of Australia

2025 Gold Sponsor of Agribusiness, Food and Beverages Award category.

One of Australia’s leading providers

The Commonwealth Bank of Australia (ASX:CBA) is one of Australia’s leading providers of personal banking, business and institutional banking and share broking services. With more than 16 million customers and a history spanning more than a century, the Group’s purpose is to build a brighter future for all.

Founded in 1911 to be the bank for all Australians, the Commonwealth Bank commenced operations in 1912, powered to conduct both savings and general banking business.

Today we've grown to a business with more than 800,000 shareholders and over 50,000 people working in the Commonwealth Bank Group. We offer a full range of retail and commercial banking services to more than 17 million customers, predominantly in Australia and in New Zealand.

Through our subsidiary ASB we bank one in four Australians as retail customers and one in three businesses. Our products and services are provided through our divisions retail banking services, business banking, institutional banking and markets, and ASB New Zealand CBA also operates in Asia, the European Union, UK and North America.

We are guided by our purpose building a bright the future for all. Our values of care, courage and commitment are the foundation of our culture. While our strategy to build tomorrow's bank today reflects our commitment to use the strength of CBA to support our customers, communities and the broader economy.

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Our Institutional Bank builds deep relationships with large private and public sector organisations, to provide our clients with bespoke solutions that meet complex needs.

Through an integrated risk management and financing approach our Commodities, Trade, and Carbon team (CTC) is uniquely positioned to provide a full range of trade, working capital and commodity financing solutions to our customers. We encourage the growth of transparent and liquid environmental markets, to help accelerate the transition to a low carbon economy. Commonwealth Bank operates brands including Bankwest in Australia and ASB in New Zealand.

For more information, visit Commonwealth Bank.

Australia’s goods trade balance for June was higher than expected

Net goods exports should add to Australia’s Gross Domestic Product (GDP) in the June quarter. Offshore trade uncertainty remains elevated but less heightened than in April and May.

Australia’s goods trade balance for June printed at $5.4bn, well up from $1.6bn in May.

Australia’s external sector remains in the spotlight given offshore trade news. It has received the minimum baseline tariff rate of 10% and should place Australia in a relatively good position comparatively. There remains uncertainty over some sectoral tariffs, particularly pharmaceuticals, which could impact Australia’s export mix.

Australia’s trade balance is narrowing despite June’s better than expected result. This is largely being driven by softer export values and solid import growth. Commodity prices have softened, and the terms of trade is well off its highs, but is still expected to add to national income, but less so than in recent years.

Export values rose by 6.0% led by non-monetary gold exports lifting by 36.7%/mth. Imports fell by 3.1% in the month. Non-rural export values lifted by 3.1% in June.  Coal export values surged by 17.3% after a weak two months. Iron ore export values lifted by 3.1%. Gas fell by 4.9%.

On the import side consumption imports fell by 5.5% led lower by a 21% fall in passenger car imports. Capital goods imports fell by 9.1%.

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