Aussie coal exports power on despite COVID

THE value of Australia’s coal exports in October were up 3% on the previous month at $3.4 billion, according to figures from the Australian Bureau of Statistics.
Aussie coal exports power on despite COVID Aussie coal exports power on despite COVID Aussie coal exports power on despite COVID Aussie coal exports power on despite COVID Aussie coal exports power on despite COVID

Trade figures showed how Australia’s resources and energy sector continued to underpin its economy.

However, October 2020 coal exports declined $1.2 billion or 27% on the October 2019 figure because of the impact of COVID-19 on prices, the ABS data shows.

Federal resources minister Keith Pitt said the trade figures showed how Australia's resources and energy sector continued to underpin its economy and lead the country's comeback as it emerged from the COVID-19 downturn.

"While 2020 has been a difficult year for many, with falls in global coal and oil prices, the trade data shows Australia's resources and energy sector remains resilient and ready to supply the world as global conditions improve," he said.

"Throughout the COVID-19 pandemic, Australia's resources and energy sector has maintained Australia's strong reputation as an efficient, safe and reliable supplier, helping our trading partners in Japan, Korea and China to keep the lights on."