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Australia Q3 Export Price Index +6.2% Q/Q; Import Price Index +5.4% Y/Y

AUSTRALIA DATA
MNI (Singapore)
  • Australia Q3 export price index rose 6.2% this quarter and 41.0% through the year,compared with the 13.2% q/q and 26.0% y/y growth in Q2.
  • Among exports breakdowns, the main contributors to the rise were: coal, coke and briquettes (+48.1%), driven by surging global demand for thermal and coking coals; gas, natural and manufactured (+39.5%), due to the rise in oil-linked contracts capturing the continued oil price rises in 2021.
  • Import price index rose 5.4% this quarter and 6.4% through the year, compared with the 1.9% q/q and 2.5% y/y growth in Q2.
  • Among imports breakdowns, the main contributors to the rise were: petroleum, petroleum products and related materials (+12.2%), driven by price rises in refined products, stronger oil demand and constrained global supply; fertilisers (excluding crude) (+42.6%), due to rising energy costs of production, strong global demand and supply constraints.
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