Business
Exports to China drop 8pc as iron ore slashed – The Australian Financial Review
Iron ore accounted for nearly half of the $1.1 billion decline in exports to China in January.
The decline in grains was driven by an 83 per cent drop in wheat exports after December shipments to China posted the largest monthly wheat exports there on record.
In January last year, 50 per cent of Australias red wine went to China. That fell to just 1 per cent in January this year after the introduction of tariffs on Australian wine in late November.
Chinas trade restrictions have so far targeted beef, coal, wine and barley. Risks remain for wool, fruit, nuts and wood chips.
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