ABS Reports 29 Per cent Surge in the International Merchandise Trade

April 24, 2020 12:41 PM AEST
Team Kalkine

The Australian Bureau of Statistics (or ABS) unveiled international merchandise trade and suggests that Australia’s merchandise (goods) exports rose by 29 per cent for March 2020, which reflects a significant rise in exports from the resources sector.

According to ABS, preliminary international trade figures, March 2020 witnessed an $8 million rise in international trade exports against the previous reporting period.
The department also suggests that there was a large increase in the value of coal, gas, and petroleum exports along with a surge in export of non-monetary gold, particularly to Hong Kong and the United Kingdom.

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