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Australian exports surge amid commodities demand from Asia

Posted on 04 October 2011

Australian exports surged in August on strong demand from China and Japan for commodities such as iron ore and coal, which economists said bodes well for economic growth after a string of patchy numbers in recent weeks.
Buying from Asia for metal ores and minerals through to coke and coal meant Australia posted a seasonally adjusted trade surplus of $3.1 billion in August, the highest since June 2010, compared with a surplus of $1.82bn in July, the Australian Bureau of Statistics said……………………………………….Full Article: Source


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