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Trade surplus touches new high on iron ore demand

Record demand for iron ore has lifted Australia’s goods trade surplus to a new peak of $13.3 billion. Australian Bureau of Statistics preliminary figures for the month of June show exports ballooned eight per cent to $41.3 billion, with significant increases in metalliferous ores, coal, non-monetary gold and gas. Exports of metalliferous ores reached $20.5 billion, marking a fourth consecutive

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