Australia’s exports of iron ore, cereals and meat to its most important trading partner fell in January due to bad weather and industrial factors, the latest preliminary trade data from the Australian Bureau of Statistics (ABS) shows.
Despite its ongoing political conflict with China, trade between the two countries remained steady last year. The total value of Australia’s goods exported to China reached A$145.2 billion (US$114.6 billion) in 2020, or just 2.16 per cent less than A$148.4 billion in 2019, which was the highest total recorded in ABS data since 1988.
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