Imports to Australia in February grew $577 million (2 per cent), led by an increase in road vehicles of $705 million (24 per cent).
The Head of International Statistics said “A number of commodities drove February’s road vehicle increase. Most notable were electric and hybrid vehicles. Electric vehicle imports grew $104 million to the largest value on record, while hybrid vehicle imports grew $95 million.”
Exports in February grew $502 million (2 per cent).
“February 2021 monthly exports for cereals was the highest on record, $1.3 billion or 4 per cent of total exports. The main driver of the increase was wheat and meslin, up $152 million (20 per cent) as Australia’s two largest markets for wheat, Indonesia and Vietnam both saw increases. Vietnam received its largest wheat export on record from Australia, up 58 per cent to $116 million”.