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Financial News: Australia Export Prices Rise 2.7% On Quarter In

Australia Export Prices Rise 2.7% On Quarter In Q1

04/29/2020 - 21:50:00 (RTTNews)

(RTTNews) - Export prices in Australia were up 2.7 percent on quarter and 2.3 percent on year, the Australian Bureau of Statistics said on Thursday.

Main contributors to the rise were: Gold, non-monetary (excluding gold ores and concentrates) (+11.4 percent); Metalliferous ores and metal scrap (+2.3 percent); Gas, natural and manufactured (+4.3 percent); and Meat and meat preparations (+4.0 percent).

Offsetting falls occurred in: Petroleum, petroleum products and related materials (-7.8 percent); and Non-ferrous metals (-2.8 percent).

Import prices fell 1.0 percent on quarter but gained 0.9 percent on year.

Main contributors to the fall were: Petroleum, petroleum products and related materials (-11.1 percent); Inorganic chemical (-11.8 percent); and Road vehicles (including air-cushion vehicles) (-0.6 percent).

Offsetting rises occurred in: Gold, non-monetary (excluding gold ores and concentrates) (+11.2 percent); and Telecommunications and sound recording and reproducing apparatus and equipment (+1.6 percent).

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