Record $36b exports lift goods trade surplus

Original article by Ronald Mizen
The Australian Financial Review – Page: 6 : 26-May-21

The ongoing trade tensions with China have not significantly affected Australia’s export trade. New figures show that the nation’s international goods trade surplus topped $10bn in April, after the total value of exports rose by $13m month-on-month to a record $36bn. Iron ore exports rose by one per cent overall, but the value of shipments to China increased by $234m to a record high of $10.5bn. There was also strong growth in export volumes for commodities such as coal and petroleum. Meanwhile, the total value of imports fell by seven per cent to $25.8bn.

CORPORATES

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