Petrol, TVs and new season apparel drive imports surge
Ronald MizenSenior reporter
The rising cost of petrol and buoyant sales of household electronics and new season apparel helped imports surge 12 per cent in February as Australia shrugged off COVID-19 and flung open its doors to the world.
Continued strength in iron ore and coal prices ensured a second consecutive record month for export values, but the surprise surge in imports slashed the trade surplus by more than a third over the month.
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Ronald Mizen reports on politics, economics, business and the law, with a focus on corporate regulators, lobbyists and investigations from Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
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