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International Trade Price Indexes, Australia, March 2023
Export price index rose 1.6% this quarter and 6.9% through the year. • Import price index fell 4.2% this quarter and rose 4.7% through the year. Export price index The main contributors to the rise were: Metalliferous ores and metal scrap (+16.9%), due to an increase in Chinese iron ore demand stemming from an end to COVID-19 restrictions and supportive government policies for construction and manufacturing, Crude fertilisers and minerals (+23.9%), driven by a rise in lithium, with long term contract prices reflecting peaking demand from late 2022, and Gold, non-monetary (+4.9%), driven by stronger demand for the ... (full story)