Iron ore and coal generate $10.6 billion trade surplus
May 8, 2020
Strong positive news for Australia, especially WA as March saw a $10.6 billion monthly trade surplus suggesting exports to China could help lessen the blow for Australia’s cliff-like fall due to COVID-19.
AFR subscribers click here to read the full article.
This is a brief summary of the article ‘Trade surplus hits $10.6 billion thanks to iron ore, coal’ by Matthew Cranston | The Australian Financial Review – AFR | Thursday 7th May 2020.
Read Our Other Articles
WA CLIMBS BEST PERFORMER ON COMMSEC LEADERBOARD
WA currently leads the nation in three of eight indicators used by CommSec to measure economic strength over the...
Shanghai and Perth economic boom
Shanghai and Perth have developed immensely over the decades and former premier Colin Barnett has expressed that we can...
AUSTRALIA HITS GOLD PRODUCTION MILESTONE
Australia’s gold production hit a record high milestone producing 328 tonnes in the first six months of this year...
Opportunistic Hongkongers snap up property in Australia
Many deep-pocketed Hong Kong investors are preparing to pick up global properties on the cheap as major currencies are...
PERTH | the perfect playground for Singaporeans
Perth’s tourism sector has increased by 3% from the previous year in which tourists collectively spent approximately $2.2 billion....
Quick recovery could reduce Government bailout spend
The JobKeeper and JobSeeker schemes, originally budgeted to cost $130 billion with the expectation that 6 million people would...
Scarborough’s facelift reaps property benefits
Scarborough's facelift reaps property benefits West Australians are rediscovering Scarborough after the $100 million redevelopment has injected new...
Perth’s property market is gaining confidence
It is good news for Perth’s property market with an increase in sales activity resulting in 40% of suburbs...
Plan to get 1 million back to work
The majority of businesses should be up and running in less than two months by following a comprehensive set...
Perth ranked as a top travel destination by Forbes
Perth is the only Australian city that made it into the Forbes Travel Guide’s 14 Top Destinations of 2019,...