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International Trade Price Indexes, Australia, December 2023
Key statistics: Export price index rose 5.6% this quarter and fell 4.8% through the year. Import price index rose 1.1% this quarter and fell 3.1% through the year. Export price index: The main contributors to the rise were: • Metalliferous ores and metal scrap (+9.7%), due to higher industrial activity in China, driving increased demand for Australian iron ore, • Coal, coke and briquettes (+11.6%), as global demand rose for metallurgical coal for use in steelmaking. Tight supply, as disruptions impacted Australian production, put further upward pressure on prices, • Gas, natural and manufactured (+3.2%), driven ... (full story)