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

CSP Iberian Bilbao Terminal Receives STS Crane

CSP Iberian Bilbao Terminal Receives STS Crane

C&C Marine and Repair's Robotic Blast Facility Completes 700 Barges

C&C Marine and Repair's Robotic Blast Facility Completes 700 Barges

Mooreast to Divest Property, Boost Offshore Wind Expansion

Mooreast to Divest Property, Boost Offshore Wind Expansion

ADNOC LNG Tanker Crosses Strait of Hormuz

ADNOC LNG Tanker Crosses Strait of Hormuz

Subscribe for Maritime Logistics Professional E‑News

Data shows that shipping traffic through Hormuz is still low, despite the absence of any US-Iran agreement.
Singapore courts: Thailand's 'Land Bridge Plan' is $31 billion amid the Hormuz Crisis
Maguire: China's clean technology exporters are cashing in on the Iran war, which has affected oil and gas flows.