Coal and iron ore powering Australian exports
A rising iron ore price bolstered Western Australia's exports by more than 18% to $131 billion last year, while higher coal prices pushed Queensland's export values 30% higher to almost $84 billion, according to The Australian.
The two resource states were Australia's largest exporters in the year to June 2017 as Australia’s terms of trade registered a surplus of $11 billion compared to a deficit of $37.6 billion a year earlier, according to a Department of Foreign Affairs and Trade report.
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