Billion-dollar export bonanza

AUSTRALIA’S export earnings are tipped to hit a record $349 billion in 2021-22 thanks to high commodity prices, solid growth in export volumes and a weaker Australian dollar, according to the latest report from the Department of Industry, Science, Energy and Resources.

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Iron ore production keeps economy ticking over

The September edition of the Resources and Energy Quarterly forecasts export earnings will hit $349 billion in the next year before falling to $299 billion in 2022-23.