Export high for July

AUSTRALIA’S exports hit another high in July, growing $354 million, or 2 per cent, to $15 billion.Trade Minister Mark Vaile announced the results following the release of the ABS July International Trade in Goods and Services figures.Mr Vaile said Australia’s strong export performance continued with record monthly growth in Australia’s exports continuing in July across most export sectors.“Exports of non-rural and other goods increased by three per cent or $324 million and was driven by a 40 per cent rise in petroleum and LNG exports,” Mr Vaile said. “Coal exports continued to be a strong performer, up nine per cent on the month before. “Rural exports increased $13 million overall, with cereal grains exports growing $34 million or 12 per cent.” Other key findings included an improvement in manufactured exports of two per cent, services by $17 million and travel $4 million. Mr Vaile said strong growth was recorded in Australia’s exports to North Asia, India and New Zealand. The ABS figures also showed that imports grew $408 million, or three per cent, to $16.5 billion – with a small increase in the importation of capital goods, consumption goods and services.

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