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The ABS notes that "Australia's...........>

AUSTRALIA
AUSTRALIA: The ABS notes that "Australia's merchandise (goods) exports rose $8
billion or 29 per cent in March 2020, according to the latest Australian Bureau
of Statistics (ABS) preliminary international trade figures. The preliminary
figures reflect a significant rise in exports from the resources sector. Among
the key movers were exports of iron ore to China, Australia's largest trading
partner, which increased significantly following declines in January and
February. There were also large increases in the value of exports of coal, gas
and petroleum, and strong exports of non-monetary gold, particularly to Hong
Kong and the United Kingdom. The value of goods imported also increased in March
2020, up 10 per cent on February 2020, due to increases in the value of imports
of non-monetary gold, aircraft and consumer electronics such as laptop computers
and mobile phones. This publication forms part of the suite of new products made
available by the ABS to help the community and governments understand the impact
of, and economic responses to the coronavirus, COVID-19. The ABS would like to
thank all those who contributed to this data."
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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