There was a surge in exports which jumped to the highest level on record;this should add handsomely to Australian economic growth when the March quarter report is released in one month.
Surging commodity exports largely explain why Australia has been logging large surpluses regularly over the past couple of years. There has been strong demand from the world’s largest consumer of commodities, and Australia’s largest trade partner, China.
Iron ore and coal are the largest exports by quite some distance, making them the largest individual exports items from Australia.
