Australia terms of trade data for Q3

Import Price Index +5.4% q/q

  • expected 0.6% , prior 1.9%

  • +6.4% y/y

Export Price Index +6.2% q/q

  • expected 3.0%, prior 13.2%

  • +41% y/y (not a typo)

  • Coal, coke and briquettes (+48.1%), driven by surging global demand for thermal and coking coals... Gas, natural and manufactured (+39.5%), due to the rise in oil-linked contracts capturing the continued oil price rises in 2021.