Australia preliminary trade figures for January, exports drop 9% m/m

Exports have been holding up but dropped in January from December, via the Australian Bureau of Statistics:   Key country movements: •    China declined $1,112m (-8%)•    Japan declined $735m (-17%)•    United States of America (USA) declined $616m (-33%)•    South Korea declined $33m (-2%)•    India increased $1m (0%) Exports +13% y/y, imports -7% y/y