ABS Reports 29% rise in Preliminary Merchandise Trade in March

April 27, 2020 01:14 PM AEST | By Team Kalkine Media

Google News:

Recent News

Celebrating 50 Years of Traditional Medicinals by Honoring Our Co-Foun...

Analysts start with bullish ratings on Hinge Health on growth potentia...

UBS starts coverage on packaged food stocks with cautious tone, Sell o...

Wall Street analysts start with bullish ratings on Hinge Health on gro...

The Australian Bureau of Statistics’ (ABS) data shows goods exports for Australia have risen 29% or $8 billion during March 2020. There has been substantial rise in exports from the resource sector. Exports of iron-ore to China has been the key driver that increased substantially during March after declining in past 2 months.

Coal, gas and petroleum also witnessed large increase in exports along with robust exports of non-monetary gold majorly to Hong Kong and UK.

There has been a rise in the value of imports of non-monetary gold, aircraft and consumer electronics such as laptop computers and mobile phones resulting in a rise in the value of goods imported by 10% in March 2020 compared to last month.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.