• Advertise
  • About us
  • Terms and Conditions
  • Contact us
Wednesday, May 18, 2022
Australian Times News
  • News
    • Weather
    • Sport
    • Technology
    • Business & Finance
      • Currency Zone
    • Lotto Results
      • The Lott
      • UK Lottery
      • UK Lotto
      • EuroMillions
  • Lifestyle
    • Horoscopes
    • Health & Wellness
    • Recipes
    • Video
  • Entertainment
  • Travel
  • Expat Life
  • Move to Australia
No Result
View All Result
  • News
    • Weather
    • Sport
    • Technology
    • Business & Finance
      • Currency Zone
    • Lotto Results
      • The Lott
      • UK Lottery
      • UK Lotto
      • EuroMillions
  • Lifestyle
    • Horoscopes
    • Health & Wellness
    • Recipes
    • Video
  • Entertainment
  • Travel
  • Expat Life
  • Move to Australia
No Result
View All Result
Australian Times News
No Result
View All Result
Home News

Aussie exports keep on booming – and we’re importing less too

Another month of steady export growth and a big drop in imported goods makes the trade surplus look very healthy indeed.

Mike Simpson by Mike Simpson
26-05-2021 07:00
in News
Image by Pexels from Pixabay

Image by Pexels from Pixabay

Australia’s exports continue to boom, with the Australian Bureau of Statistics announcing a record high in April of $36-billion. Adding lustre to the export total was a significant decline in imports, which went down by 7 percent.

This means that exports remained fairly steady and increased by $12.6-million in April, versus the March total. But imports spiralled downward, reducing by $1.9-billion over the March figure.

The April merchandise goods trade surplus of $10.1-billion is the third highest on record, the ABS said in a statement.

Demand for Aussie ore again a big contributor

Continued global demand for Australia’s metalliferous ores was again a strong contributor to the export total.

“Following strong exports in March 2021, metalliferous ores increased another 1 percent in April 2021 to record a historic high of $16.5 billion,” said the ABS Head of International Statistics, Andrew Tomadini.

The April trade result will not be captured in the March quarter national accounts. ANZ bank’s Head of Australian Economics, David Plank, told the Australian Financial Review that gross domestic product was expected to be softer in the March quarter than over the previous two quarters, which recorded big rises after pandemic restrictions eased.

“If we do get a figure some way above 1 percent, subject to revisions, then we will be able to say GDP has recovered to pre-Covid levels. That’s certainly our expectation,” he told the publication.

AlsoRead...

Camille Vasquez

Camille Vasquez cross-examines Amber Heard after one week break

17 May 2022
May's Weather Forecast

Weather Forecast 17 May 2022

17 May 2022

India gives a big boost to thermal coal exports

The increase in coal exports was driven by thermal coal, up $203-million, with an increase of $116-million to India. Australian coal exports to India have been steadily rising since mid-2020, following a substantial reduction in Chinese demand for Australian coal, partly due to the ongoing political and trade disagreements between the two nations.

The decline in imports was led by non-monetary gold, down $455-million or 46 per cent, reversing most of the increase seen in March 2021. Other drivers included electrical machinery and articles of apparel.

“Australia’s international goods trade surplus swelled to $10-billion in April, extending a stunning run for exports over recent months that will boost economic growth figures due next week,” the Australian Financial Review commented.

Tags: Australian Bureau of StatisticsAustralian economyAustralian exportsEconomic recoveryImports
DMCA.com Protection Status

SUBSCRIBE to our NEWSLETTER

[mc4wp_form id=”2384248″]

Don't Miss

Camille Vasquez cross-examines Amber Heard after one week break

by Shannon Alexander
17 May 2022
Camille Vasquez
News

Amber Heard took to the stand for the third time on Monday. This time, she was cross-examined by Jonny Depp’s...

Read more

Cara Delevigne got extra animated with Megan Thee Stallion

by Shannon Alexander
17 May 2022
Cara Delevigne got extra animated with Megan Thee Stallion
Lifestyle

Hotties all around are bit appalled and amused by the behavior of Cara Delevigne at the Billboard awards with Megan...

Read more

Horoscopes: 17 May 2022 – Tuesday

by Adamu
17 May 2022
Free Daily Horoscope - Astrology
Horoscopes

Keep your karma positive with these daily free horoscopes!

Read more

Weather Forecast 17 May 2022

by Adamu
17 May 2022
May's Weather Forecast
Australia Weather

Be prepared for any weather with our daily weather forecast for Australia.

Read more

Fire the Liar: Australia make their feelings known about Scott Morrison

by Shannon Alexander
17 May 2022
Fire the Liar: Australia make their feelings known about Scott Morrison
News

Scott Morrison has been making the worst impression on Australia as he fights to be Prime Minister, Aussies are calling...

Read more

Megan Fox and Machine Gun Kelly hint at having a baby

by Shannon Alexander
16 May 2022
Megan Fox and Machine Gun Kelly hint at having a baby
Lifestyle

Machine Gun Kelly recently performed at the Billboard Music Awards and left Megan Fox shedding a tear for the song...

Read more

Kourtney Kardashian and Travis Barker legally tie the knot 

by Shannon Alexander
16 May 2022
Kourtney Kardashian and Travis Barker legally tie the knot
Lifestyle

Kourtney Kardashian and Travis Barker recently tied the knot in an intimate ceremony after practice Las Vegas wedding. This time...

Read more
Load More

Copyright © Blue Sky Publications Ltd. All Rights Reserved.
australiantimes.co.uk is a division of Blue Sky Publications Ltd. Reproduction without permission prohibited. DMCA.com Protection Status

  • About us
  • Write for Us
  • Advertise
  • Contact us
  • T&Cs, Privacy and GDPR
No Result
View All Result
  • News
    • Weather
    • Sport
    • Technology
    • Business & Finance
      • Currency Zone
    • Lotto Results
      • The Lott
      • UK Lottery
      • UK Lotto
      • EuroMillions
  • Lifestyle
    • Horoscopes
    • Health & Wellness
    • Recipes
    • Video
  • Entertainment
  • Travel
  • Expat Life
  • Move to Australia

Copyright © Blue Sky Publications Ltd. All Rights Reserved.
australiantimes.co.uk is a division of Blue Sky Publications Ltd. Reproduction without permission prohibited. DMCA.com Protection Status