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.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.