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Per the ABS: "The total value of..........>

AUSTRALIA
AUSTRALIA: Per the ABS: "The total value of exports & imports of goods both
increased in June '20 following declines in May & April '20, according to the
latest prelim international trade in goods figures... value of exports increased
by A$2.35bn or 8% driven by strong exports of iron ore. From May to June '20,
exports of iron ore (lumps & fines) increased by A$757mn or 8% to A$9.92bn, the
highest export value on record. This pushed the total exports of iron ore for
2019-20 to over A$100bn... China accounted for 87% of all iron ore exported in
'19-20. Adding to the increase in exports in June '20 were non-monetary gold, up
A$916mn or 67% to A$2.29bn, and petroleum, up A$208mn or 47% to A$651mn. The
value of goods imported rose by A$1.29bn or 6% driven by increases in imports of
petroleum, up A$341mn or 29% to A$1.51bn. This was the first increase in
petroleum imports since Dec '19. Articles of apparel, incl. PPE, also increased
sig., up A$332mn or 65% to A$843mn. Electrical machinery & appliances was up
A$271mn or 19% to a record high A$1.69bn. There was also a small increase in
imports of road vehicles in June. While the June 2020 road vehicle imports of
A$1.64bn is an increase on May '20, it is 44% less than June '19 levels."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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