The value of both Australian exports and imports decreased in April 2020 although demand for resource commodities remained strong, according to the latest Australian Bureau of Statistics (ABS) preliminary international trade in goods figures. Exports or outbound shipments fell by $4 billion or 12% month-on-month from the record-high figure in March 2020, while imports or inbound shipments fell by 5%, mainly due to a decline in imports of petroleum, aircraft, non-monetary gold, and road vehicles. While overall exports declined, the outbound shipments of resource commodities like iron ore remained strong, mainly due to demand from major trading partners across Asia. Key points Year-on-year the value of exports in April 2020 was 1% higher than the value recorded in April 2019. Year-on-year, the value of imports in April 2020 was down 7% on April 2019 with large decreases in the value of imports of petroleum and road vehicles. The data has failed to elicit any reaction from the AUD/USD pair, which continues to trade largely unchanged on the day near 0.6535. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Globe and Mail: Canadian PM Trudeau asks bank CEOs for views on economy, coronavirus relief – Reuters FX Street 3 years The value of both Australian exports and imports decreased in April 2020 although demand for resource commodities remained strong, according to the latest Australian Bureau of Statistics (ABS) preliminary international trade in goods figures. Exports or outbound shipments fell by $4 billion or 12% month-on-month from the record-high figure in March 2020, while imports or inbound shipments fell by 5%, mainly due to a decline in imports of petroleum, aircraft, non-monetary gold, and road vehicles. While overall exports declined, the outbound shipments of resource commodities like iron ore remained strong, mainly due to demand from major trading partners across Asia.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
