Relations between Australia and China have continued to deteriorate in recent months, and the trade war between the two countries has not yet come to a halt. Economists had originally said that even if the Epidemic ended, 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 percent in December last year, even the fourth highest in the history of Australia’s foreign trade surplus record.
According to the United Press, the trade war with Australia is a big failure? Australia’s total exports to China actually increased by 12 percent, the fourth highest record.
The report, according to the Australian Bureau of Statistics (25) released the latest data show that in December last year, Australia’s total foreign trade surplus of up to A$9 billion, including a trade surplus with China is up to A$5.2 billion. Although Australia’s imports from China decreased by A$641 million, while Australia’s imports to the country’s goods but increased by A$2.3 billion. And the Australian Bureau of Statistics international statistics director Hutt (Katie Hutt) said: “December’s metal minerals and grains exports are very impressive, more record fourth highest.”
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 has cut off 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 China of finding harmful organisms in barley exported to China, and subsequently stopped importing CBH Grain’s barley, the report said. However, recently CBH Grain came out with good news, has successfully opened a market in Mexico, becoming the first ever shipments of barley to Mexico.
According to the United Press, even though Australia was affected by China’s economic sanctions, as well as natural disasters and epidemics, the Australian grain harvest was unexpectedly bountiful, becoming one of the most productive harvest seasons ever; although Australian coal became a Chinese blacklist, but at the same Time increased exports to India, Japan and South Korea, making up for the gap in the original trade with China.
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