Business
Australian trade with China surges as rest of the world falls – Sydney Morning Herald
Australian exports to China increased by $2.6 billion despite a collapse in diplomatic relations between the two countries.
An analysis of Australian Bureau of Statistics figures shows while total trade between Australia and the rest of the world fell by 3.7 per cent year-on-year, it rose by the same amount with China, knocking off more than $2 billion out of an overall drop of more than $7 billion.
Trade with China was worth $71.6 billion in the first six months of last year. It increased to $74.2 billion this year.
Trade Minister Simon Birmingham said the COVID-19 pandemic was testing all Australian producers and…
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