Coal exports fall in January trade figures

WHILE Australia’s trade surplus surged in January, coal-based exports fell 19% from the previous month.
Coal exports fall in January trade figures Coal exports fall in January trade figures Coal exports fall in January trade figures Coal exports fall in January trade figures Coal exports fall in January trade figures

Dalrymple Bay Coal Terminal. Courtesy Prime Infrastructure.

Blair Price

In seasonally adjusted terms, the Australian Bureau of Statistics yesterday revealed the trade surplus rose 133% from $417 million in December to $970 million in January.

However, non-rural good exports fell 8% or $1.32 billion in the month, with coal products accounting for 79% of the dive in that category.

The bureau said the coal, coke and briquettes component of non-rural goods exports fell by $1.04 billion (19%) in the month from December.

The ABS said the growth in the surplus was mainly due to a strong fall in goods and services imports, especially capital goods, which fell 15% in the month to $802 million.

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