Australia’s export of goods rose by 13pc to A$35.1bn in January 2021 compared to A$28.4bn in January last year, while its exports fell by 9pc from A$35.1mn in December 2020, according to Australian Bureau of Statistics (ABS).
The country’s imports dropped by 7pc to $23.3bn in January this year from A$25.1bn during the same month in 2020 and it declined by 10pc from A$25.9bn in December 2020.
Export of ferrous ores rose by 53pc to A$4.9bn in January 2021 compared to January last year while it dropped by 10pc from the previous month. The main reason for such decline was drop in export of iron ore in January this year by 7pc to A$963mn from the previous month, ABS reported.
The country’s import decline in January this year was mainly driven by a 23pc fall in import of road vehicles and 16pc drop in import of general industrial machinery.