Australian exports reached a historic high of $36 billion (US$28 billion) in April on the back of skyrocketing iron ore prices. Preliminary monthly trade data from the Australian Bureau of Statistics (ABS) also reveals that Australia’s trade goods surplus rose to $10.1 billion (US$7.9 billion), the third-highest on record. “Exports remained steady, increasing $12.6 million in April, but imports fell $1.9 billion, adding to the already strong surplus recorded in March 2021,” ABS Head of International Statistics Andrew Tomadini said. “The continued strength of metalliferous ores has contributed to total exports for April 2021 reaching a record-high $36 billion.” Metalliferous ore exports, which includes iron ore, increased by 1 percent from March, reaching a historic high of $16.5 billion. ANZ head of Australian economics David Plank expects the gross domestic product to have more mild movements in the March quarter than the previous quarters, which recorded big rises after restrictions began …