Data from the Australian Bureau of Statistics out on Thursday, February 4, showed goods exports to China jumped 21% in December to a 6-month high of A$13.3 billion, with iron ore up sharply by both value and volume.
The surplus for the December quarter widened by 28% to A$17.4 billion, a timely positive for economic growth and tax revenue that is helping the country quickly recover from itsFor all of 2020, exports climbed 12% in a resilient result given the disruptions caused by the pandemic., exporters are finding willing buyers elsewhere for goods targeted by Beijing's trade restrictions.
"The complete collapse of exports to China has been more than offset by gains in exports to Japan, India, South Korea, and Thailand."
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