What does China import and export to Australia?
In 2018, annual two-way trade between China and Australia reached almost AUD 215 billion. Australia’s main imports from China are manufactured goods, which were worth more than AUD 21 billion in 2018 and is led by telecommunication equipment, IT products, furniture and homewares. …
What are the major imports and exports of Australia?
We have also provided the percentage amount to demonstrate how much the commodity and/or product represents of Australian imports.
- #1 Machinery (AUD$46.2 billion)
- #2 Mineral fuels (AUD$43.9 billion)
- #3 Vehicles (AUD$43.6 billion)
- #4 Electrical machinery and equipment (AUD$37.1 billion)
How much trade is there between Australia and China?
China’s total imports from Australia in May rose more than 55 per cent from the previous month to US$13.6 billion, while exports rose just over 1 per cent to US$4.9 billion, according to Chinese data released on Monday.
What is China’s biggest export to Australia?
China-Australia In 2019, China exported $52.7B to Australia. The main products that China exported to Australia are Broadcasting Equipment ($3.84B), Computers ($3.83B), and Refined Petroleum ($2.33B).
What is the biggest import from China?
Searchable List of China’s Most Valuable Import Products
| Rank | China’s Import Product | 2020 Value (US$) |
|---|---|---|
| 1 | Integrated circuits/microassemblies | $350,845,066,000 |
| 2 | Crude oil | $176,321,269,000 |
| 3 | Iron ores, concentrates | $118,944,291,000 |
| 4 | Cars | $44,923,331,000 |
What is Australia’s main import?
Imports The top imports of Australia are Refined Petroleum ($16.8B), Cars ($15.8B), Crude Petroleum ($7.9B), Broadcasting Equipment ($6.37B), and Delivery Trucks ($5.84B), importing mostly from China ($52.7B), United States ($24.9B), Japan ($14.9B), Germany ($10.4B), and Thailand ($10B).
What kind of goods does China import from Australia?
China is also Australia’s largest source of imports, with China’s total merchandise exports to Australia valued at A$35.8 billion in 2009, an increase of 1.5 per cent on the previous year. Major imports from China include clothing, communications equipment, computers, prams, toys, games and sporting goods, furniture and televisions.
Which is the largest export market for Australia?
In 2009 China surpassed Japan to become Australia’s largest export market, with total merchandise exports to China valued at A$42.4 billion, an increase of 31.2 per cent over the previous year. Resources continue to underpin Australia’s exports to China.
How much does Australia export wine to China?
Last year, Australia’s wine exports to China totalled $1.26 billion dollars — far and away the largest foreign market. During the September quarter, the value of exports to China jumped 23 per cent compared to the same period last year, indicating a COVID recovery and perhaps a pre-emptive buy up amid speculation sanctions would be introduced.
Why was China a good trading partner for Australia?
This created demand for building materials, energy for electricity and transport, and raw materials for manufacturing. Australia was well placed to meet a lot of this demand, and it was a ready market for Chinese manufactured goods. Today, China is Australia’s largest trading partner in terms of both imports and exports.