23.04.202005:36:00UTC+00Australia's Exports Surge In March

Australia's exports surged in March driven by shipment of iron ore to China and gold to Hong Kong and the UK, preliminary data published by the Australian Bureau of Statistics showed Thursday.

Exports increased 29 percent, or A$8 billion in March. The detailed results will be published on May 7.

After falling in January and February, exports of iron ore to China, Australia's largest trading partner, increased significantly in March.

The ABS said there were also large increases in the value of exports of coal, gas and petroleum, and strong exports of non-monetary gold, particularly to Hong Kong and the UK.

At the same time, imports advanced 10 percent on month in March, due to increases in the value of imports of non-monetary gold, aircraft and consumer electronics such as laptop computers and mobile phones.