Australia’s exports to China surged to record highs in March 
Australia’s exports to China surged to record highs in March 

Australia’s exports to China surged to record highs in March 

 

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Exports of Australian goods to China hit A$19 billion ($12.71 billion) in March, a rise of 31% from a year earlier and pipping the previous peak from mid-2021, according to data released by Australian Bureau of Statistics on Thursday.

Export volumes of iron ore lumps and iron ore fines to China jumped 24.3% and 17.7% respectively from a month earlier, showed the data.

Shipments of thermal coal to China surged 125% by volume in March from February.

Beijing ended an unofficial ban on Australian coal in January, allowing customs clearance for the first time since 2020.