Australian Exports Records Historic High Despite Beijing’s Economic Coercion

A man walks by an iron ore blending site at Dalian Port, Liaoning province, China Sept. 21, 2018. Muyu Xu/Reuters

Australian exports reached a historic high of $36 billion (US$28 billion) in April on the back of skyrocketing iron ore prices.

Preliminary monthly trade data from the Australian Bureau of Statistics (ABS) also reveals that Australia’s trade goods surplus rose to $10.1 billion (US$7.9 billion), the third-highest on record.