Australian commodity exports have surged in the past financial year driven by the rise in energy prices but are set to slump as prices retreat, the Australian Department of Industry, Science and Resources has reported. Energy and other resource exports in financial 2022/23 rose by 9%, the data showed, reaching a record-high value of some $300 billion, or A$460 billion.
However, they are set to decline by 15% in the next financial year to about $260 billion, or A$390 billion, falling further in the year after, to about $290 billion, or A$344 billion.…Australian Commodity Exports Set To Fall From Record Highs
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