Australia books record high trade surplus as coal and gas offset fall in iron ore

Gerard Cockburn
By Gerard Cockburn
Updated October 5 2021 - 8:10am, first published 8:00am
Australia's trade surplus has reached new highs. Picture: Shutterstock

Soaring demand for coal and gas exports has fuelled a trade surplus boom, offsetting the dramatic fall in iron ore spot prices following a cool-off from China.

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