{"id":7997,"date":"2021-07-23T15:26:00","date_gmt":"2021-07-23T05:26:00","guid":{"rendered":"http:\/\/yinghuiinternational.com\/?p=7997"},"modified":"2021-07-28T15:27:04","modified_gmt":"2021-07-28T05:27:04","slug":"iron-ore-stars-in-june-export-figures-abs","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2021\/07\/23\/iron-ore-stars-in-june-export-figures-abs\/","title":{"rendered":"Iron ore stars in June export figures: ABS"},"content":{"rendered":"\n

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\"export\"\/<\/figure>\n\n\n\n

Australian exports have been upheld by metalliferous ores in June, with the category showing an 8 per cent increase and a fourth consecutive record month.<\/p>\n\n\n\n

Head of International Statistics at the Australian Bureau of Statistics (ABS) Andrew Tomadini said overall exports experienced a similar jump.<\/p>\n\n\n\n

\u201cJune 2021 recorded a monthly export value above $40 billion. Exports increased 8 per cent to $41.3 billion, with significant increases in metalliferous ores, coal, non-monetary gold and gas,\u201d Tomadini said.<\/p>\n\n\n\n

Metalliferous ores made up almost half of Australia\u2019s export value in June at $20.49 billion, with iron ore up 6 per cent to represent most of that figure ($17.55 billion).<\/p>\n\n\n\n

Coal saw its highest export value since April 2020, with $555 million making up 15 per cent of the country\u2019s total export value.<\/p>\n\n\n\n

The $40 billion total exports easily qualify the record $310 billion predicted for the 2020-21 financial year by the Resources and Energy June Quarterly.<\/a><\/p>\n\n\n\n

\u201cSupply chains disrupted by China\u2019s informal import restrictions have largely reorganised, albeit with some loss of revenue,\u201d the Quarterly stated.<\/p>\n\n\n\n

China received $19.12 billion worth of Australian exports in June 2021, with record iron ore movement providing a strong backbone \u2013 up $1 billion (7 per cent on June 2020) to $14.89 billion.<\/p>\n\n\n\n

In June, Minister for Resources, Water and Northern Australia Keith Pitt acknowledged the importance of Australia\u2019s resources sector in strengthening the Australian economy.<\/p>\n\n\n\n

\u201cThese incredible results underline the importance of Australia\u2019s resources sector to the national economy and international markets throughout the COVID-19 downturn,\u201d he said in response to the Quarterly.<\/p>\n\n\n\n

\u201cAustralia\u2019s energy and resources sector has remained safe and reliable suppliers to domestic and global markets throughout the pandemic, helping to underpin economic growth and overcome the challenging trade conditions of the past year.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Australian exports have been upheld by metalliferous ores in June, with the category showing an 8 per cent increase and a fourth consecutive record month. Head of International Statistics at the Australian Bureau of Statistics (ABS) Andrew Tomadini said overall exports experienced a similar jump. \u201cJune 2021 recorded a monthly export value above $40 billion. … Continue reading “Iron ore stars in June export figures: ABS”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3,5,6],"tags":[],"class_list":["post-7997","post","type-post","status-publish","format-standard","hentry","category-big-data","category-iron-and-steel-industry","category-mines-and-quarry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-24Z","jetpack-related-posts":[{"id":8823,"url":"https:\/\/yinghuiinternational.com\/index.php\/2024\/08\/19\/the-global-opportunity-for-mining-services\/","url_meta":{"origin":7997,"position":0},"title":"The global opportunity for mining services","author":"yinghui","date":"August 19, 2024","format":false,"excerpt":"Contributor Image: Kings Access\/stock.adobe.com Australian mining equipment, technology and services (METS) sectors generated $114 billion in revenue in 2020, according to the latest\u00a0Austmine national survey, of which two-thirds of companies exported $17 billion of goods and services (five per cent of all exports in 2020). 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