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Australia reaches second highest trade surplus in history, page-19

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LST123

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05/05/23

06:35

Post #: 67617115
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Originally posted by johngalt815: ↑

Australia’s exports to China surged to record highs in March as the Asian giant sucked in more iron for its steel industry and lowered barriers to thermal coal shipments amid thawing diplomatic relations.

Data released on Thursday showed exports of Australian goods to China hit 19 billion Australian dollars in March, a rise of 31 percent from a year earlier and pipping the previous peak from mid-2021.

The jump helped lift Australia’s total trade surplus to its second-highest on record at 15.3 billion Australian dollars.

https://www.aljazeera.com/economy/2023/5/4/australias-exports-to-china-hit-record-highs-as-barriers-ease

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Nothing to do with the current government and all thanks to China kick starting its economy after Covid. I'm sure Chalmers will take credit for it anyway
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