Business
China hits 48.8pc of Australian exports – The Australian Financial Review
Goods exports to China are now worth around 8.5 per cent of Australia’s GDP.
As a share of GDP, NAB estimates that the June quarter trade balance was worth 5 per cent of GDP, up from the March quarters 3.8 per cent.
Mr Strickland said the trade balance could add around 1.25 percentage points to overall June quarter GDP. The June quarter is usually strong for commodity exports, but Australian producers have also benefited from supply disruptions in Brazil over recent months.
While Australia’s goods exports surged, services exports saw their biggest quarterly drop since …
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