Save
Print
Political tensions between Australia and China did not appear to affect trade between the two countries in October, as a rise in iron ore export receipts sent the value of Australia's shipments to its biggest trade partner to a four-month high.
Australia's exports to China were valued at A$12.7bn ($9.05bn) in October, the highest since A$13.79bn in June, according to Australian Bureau of Statistics figures.
Australian iron ore export receipts hit a record A$11bn. Around 80pc of Australia's iron ore exports are shipped to China.
China accounted for 35pc of Australia's total export receipts of A$35.72bn in October.
Bulk metals and energy accounted for around 60pc of Australia's merchandise goods exports in the month.
The Australian government is considering taking China to the World Trade Organisation (WTO) over Beijing's import tariffs on Australian barley, as relations between the two countries continue to worsen. China has imposed import constraints on Australian coal, barley, copper, wine, beef, lobster and some wood products.
Source: Argus Metals
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
- [Editor:wenxin]
Daily News
Research
Magazine
Company Database
Customized Database
Conferences
Advertisement
Trade
Online inquiry
Contact
Tell Us What You Think