We haven't seen a result as bad as that in 45 years of international trade figures.
The tin hat brigade love releases like this and will no doubt say that we're all doomed.
So, are we doomed?
Erm, I don't know yet, because I haven't been through the figures.
Let's take a look to see whether we're doomed or not...
Export values drop off
Gold and natural gas declined too in the shorter month of April.
Export values from Western Australia have accordingly tanked from their peak.