Australian Resource Exports to Hit Record $296 Billion

Australian Resource Exports to Hit Record $296 Billion
A container ship is pushed to it's berth by a tug at the Port of Melbourne on June 6, 2018. William West/AFP/Getty Images
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Australian resource and energy exports are expected to hit a record $296 billion in 2020-21, despite the global economic downturn.

The latest Resources and Energy Quarterly reveals the bumper result was due to a rebound in demand from China and an increase in commodity prices due to restricted supply caused by production slowdowns in other countries.

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