Australian Resource Exports to Hit Record $296 Billion

Australian Resource Exports to Hit Record $296 Billion
A container ship is pushed to it's berth by a tug at the Port of Melbourne on June 6, 2018. William West/AFP/Getty Images
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Australian resource and energy exports are expected to hit a record $296 billion in 2020-21, despite the global economic downturn.

The latest Resources and Energy Quarterly reveals the bumper result was due to a rebound in demand from China and an increase in commodity prices due to restricted supply caused by production slowdowns in other countries.

Daniel Y. Teng
Daniel Y. Teng
Writer
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
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