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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