Trade surplus heads back to $1b as iron ore shipments to China surge

Original article by Stephen Letts
abc.net.au – Page: Online : 6-Oct-17

Australia has recorded a trade surplus of $A989m for August in seasonally-adjusted terms. This compares with a surplus of $A808m for July. The surplus was bolstered by strong growth in both the price of iron ore and the steel input’s export volumes, although shipments of coal and LNG were lower than in July. The total value of Australia’s exports rose by one per cent to $A32.2bn, while the value of imports was steady at $A31.2bn.

CORPORATES
JP MORGAN AUSTRALIA LIMITED

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