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Paydirt: Exports top $40 billion: Australia
A record $13.3 billion merchandise trade surplus was reported in June 2021, according to preliminary trade data released today by the Australian Bureau of Statistics (ABS).
Head of International Statistics at the ABS Andrew Tomadini said: “June 2021 recorded a monthly export value above $40 billion. Exports increased 8 per cent to $41.3 billion, with significant increases in metalliferous ores, coal, non-monetary gold, and gas”.
Exports of metalliferous ores reached a record $20.5 billion, making up almost half of Australia’s total export in June. Driving the increase was iron ore, with a record export value of $17.6 billion, and copper ore which recorded $847 million in export value this month.
Record $13 3 billion merchandise trade surplus: Australia miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Australia's current account surplus in seasonally adjusted terms increased $2.3 billion to a record $18.3 billion in the March quarter 2021 according to.
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Exports record a historic high of $36 billion: Australia
The April 2021 merchandise goods trade surplus, at $10.1 billion, is the third highest on record, according to preliminary trade data released today by the Australian Bureau of Statistics (ABS).
ABS Head of International Statistics, Andrew Tomadini said “Exports remained steady, increasing $12.6 million in April, but imports fell $1.9 billion, adding to the already strong surplus recorded in March 2021.
Increases in the exports of coal, petroleum, metalliferous ores and medicinal and pharmaceutical products were offset by declines in non-monetary gold and oil seeds. However, the continued strength of metalliferous ores has contributed to total exports for April 2021 reaching a record high $36 billion.
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Exports showing steely resolve: Australia
The December goods trade surplus of $9 billion was a significant increase, up $7.4 billion from the November surplus, according to newly released data by the Australian Bureau of Statistics (ABS).
“Imports have fallen following a November spike to be more in line with recent history”, said ABS Head of International Statistics, Katie Hutt, “while exports of metalliferous ores and cereals are the strongest in history, resulting in the fourth highest goods trade surplus on record”.
The strong surplus is heavily influenced by trade with China. Imports from China fell $641 million (7 per cent) in December, while exports to China increased $2.3 billion (21 per cent). Australia’s goods trade surplus with China alone stands at $5.2 billion for December.