marine link image

Australian Exports Fall in April

May 25, 2020

© jeayesy / Adobe Stock
© jeayesy / Adobe Stock

Australia's exports fell A$4 billion ($2.61 billion), or 12%, in April from record highs the previous month even though demand for resource commodities, mainly iron ore and gas, remained strong, preliminary data showed on Monday.

Driving the decrease was a A$1.7 billion decrease in exports of non-monetary gold following significant demand last month, data from the Australian Bureau of Statistics (ABS) showed.

Trade in non-monetary gold is volatile and large month-to-month movements are not uncommon.

Despite the fall, exports totaled A$31.4 billion, remaining near historic highs.

April also saw Australia's imports from China recovering from falls seen earlier in the year, initial estimates showed.

Strong imports of laptops and computers from China were in line with increased work-from-home demand during the COVID-19 lockdowns.

The final April monthly estimates will be published on June 4.


($1 = 1.5314 Australian dollars)

(Reporting by Swati Pandey; Editing by Kim Coghill)

Logistics News

Report: Over 20 Commercial Ships Transit Hormuz

Report: Over 20 Commercial Ships Transit Hormuz

CMA CGM Acquires Fattal Group

CMA CGM Acquires Fattal Group

Democratic Republic of Congo Copper Exports Fall 15%, Cobalt Rebounds

Democratic Republic of Congo Copper Exports Fall 15%, Cobalt Rebounds

New Pedestrian and Cycle Bridge Transported to Stockholm by Sea

New Pedestrian and Cycle Bridge Transported to Stockholm by Sea

Subscribe for Maritime Logistics Professional E‑News

As the Middle East conflict shakes markets, global companies are delaying IPOs and cutting dividends.
The U.S. Iran Blockade includes over 10,000 military personnel and ships, aircraft
European oil refining margins turn negative, bucking global trend