Australia’s import of Aluminium structures during 2018-20 exhibits plunge; expenditure rises to billion dollars

The Australian economy bounced back strongly in the third quarter from a COVID-19 induced recession as consumer spending surged through the country’s top central banker signalled monetary policy will stay accommodative for a while.

The largest country in Oceania has recorded with 114,809 tonnes of aluminium structures during 2018-19 and the revenue expenditure occurs for the import stood at $1.24 billion. The import for 2020 remained at 34,659 tonnes and the expenditure stood at $1.01 billion. However, when the import volume and expenditure of 2020 gets added with the existing two years, it signifies 149,468 tonnes and $2.25 billion respectively.

Australia’s import of aluminium structures in 2018 stood at 73,401 tonnes and the expenditure remained at $0.56 billion, whereas, in 2019, the import exhibited plunge by 43.58%, as the import volume dropped to 41,408 tonnes, while the expenditure rose to $0.68 billion.

The import for 2020 remained at 34,659 tonnes, the lowest in 3 years phase, with a further de-growth by 16.29%, as the import volume fell to 34,659 tonnes, but the expenditure climbed to $1.01 billion.

Australia’s major trading destinations for the import of aluminium structures are Belgium, China, Czech Rep., Denmark, France, Germany, Greece, Hong Kong, Italy, Lithuania, Japan, New Zealand, Poland, etc.