Australia Shrugs Off China Snub With Record Exports

China Puts Australia on Notice With Push to Diversify Iron Ore — Photographer: Ian Waldie/Bloomberg

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By Garfield Reynolds

July 1, 2021 at 11:06 AM UTC

Australia and China keep loudly trash talking their relationship, but the impact on exporters from Down Under looks muted so far.

The value of merchandise exports from Australia soared to a fresh peak in May of A$39.2 billion ($29.4 billion), as shipments to China spiked to A$16.5 billion. That topped the previous record for sales to China by 15%.