Relations between China and Australia have continued to deteriorate in recent months, and the trade war between the two countries has not yet stopped. Originally, economists had said that even if the Epidemic was over, Australia’s economic situation would still not return to the level before the outbreak. In this regard, according to the latest data, Australia’s total exports to China increased by 12% in December last year, even the fourth highest in the history of Australia’s foreign trade surplus record.
The latest data released by the Australian Bureau of Statistics today (25) shows that Australia’s total foreign trade surplus in December last year was as high as A$9 billion, including a trade surplus of A$5.2 billion with China. Although Australia’s imports from China decreased by A$641 million, while Australia’s exports to China increased by A$2.3 billion. And the Australian Bureau of Statistics international statistics director Katie Hutt (Katie Hutt) said: “December’s metal minerals and grain exports are very strong, but also hit the fourth highest record. .
Australian metal minerals exports in December last year increased by a total of 2.8 billion Australian dollars, iron ore accounted for 92% of the proportion, a total increase of 2.2 billion Australian dollars exports. In addition, grain exports increased mainly because of wheat, according to data show that wheat exports increased by a total of 604 million Australian dollars, even though China and Australia have cut off the barley trade, but Australia’s exports still increased by 182 million Australian dollars.
In addition, Australia’s largest grain exporter CBH Grain was previously accused by the Chinese Communist Party of finding harmful organisms in barley exported to China, and subsequently stopped importing CBH Grain’s barley. However, CBH Grain has recently received good news that it has successfully opened a market in Mexico, becoming the first-ever barley shipment to Mexico.
Even though Australia was affected by the economic sanctions imposed by the Chinese Communist Party, natural disasters and epidemics, the Australian cereal harvest was unexpectedly bountiful, becoming one of the most productive seasons in history; although Australian coal was blacklisted by the Chinese Communist Party, the export volume to India, Japan and South Korea increased at the same Time, making up for the gap in the original trade with China.
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