Australia is one of the few developed nations on Earth that exports more into China than it imports from China. In the 2018-2019 fiscal year, China took in about 32.6% of all Australian exports — that is about 153.2 billion Australian dollars ($116.79 billion). By far the largest export was iron ore.
What are Australia’s major exports to China?
Iron ore, gas and coal make up the bulk of Australian exports to China (more than AUD 79 billion), but Australian service industries – led by education and tourism – are a growing part of the trade relationship.
What items does Australia export to China?
The impracticability of diversification is most obvious in iron ore. Australia will ship almost 800 million tonnes of iron ore to China this year.
China’s share of Australia’s exports.
|China’s share of Australia’s exports||%|
What is Australia’s main export?
Australia’s main export is iron ore, followed by their other most valuables exports coal, gold, and petroleum. These exports alone rake in $48.2 billion, $47 billion, $29.1 billion, and $20.3 billion, respectively.
What do we export to China?
Aircraft, soybeans, motor vehicles and microchips are top U.S. exports to China. Since 2001, the share of these exports going to China has increased sharply. Soybeans and motor vehicles are targets of recent Chinese tariffs. Production of these two exports is geographically concentrated.
Does Australia rely on China?
Australia relies heavily on foreign investment. China ranks only ninth as an investor in Australia, with a 3% share of total foreign direct investment. That investment has grown rapidly in the past few years, but China’s foreign investment is likely to fall as its savings rate falls.
What is our biggest export to China?
The Top 10 US Exports to China
- Cotton: $3.4 billion.
- Copper materials: $3 billion.
- Passenger vehicles (small engines): $3 billion.
- Aluminum materials: $2.4 billion.
- Passenger vehicles (large engines): $2.2 billion.
- Electronic integrated circuits: $1.7 billion.
- Corn: $1.3 billion.
- Coal: $1.2 billion.
Does Australia import beef from China?
Xiamen Xiangyu said it imports about 20,000 tonnes of beef to China per month from Brazil, Argentina, Canada, the United States and Australia. Australia accounts for between 1000 to 2000 tonnes of its beef imports per month.
Does Australia import food from China?
In 2018, the top partner countries from which Australia Imports Food Products include New Zealand, United States, Thailand, China and France.
Does Australia import pork from China?
Australia does not have any pork plants approved for export to China, and authorities have been waiting more than two years to have 16 additional meat processing plants,(including pork facilities, accredited by Chinese authorities.
Is Australia poor?
Key findings: 3.24 million people in Australia (13.6% of the population) live below the poverty line. 774,000 children under the age of 15 (17.7% of all children in Australia) live below the poverty line. … The poverty rate in Australia is worse than in most other wealthy countries.
What is Australia’s biggest import?
Australia’s Top Ten 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) …
- #5 Medical/technical equipment (AUD$12 billion) …
- #6 Pharmaceuticals (AUD$11.8 billion) …
- #7 Gems and precious metals (AUD$9.5 billion)
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What’s the biggest industry in Australia?
The 10 Biggest Industries by Revenue in Australia
- Consumer Goods Retailing in Australia. …
- Health Services in Australia. …
- National and Regional Commercial Banks in Australia. …
- Iron Ore Mining in Australia. …
- Supermarkets and Grocery Stores in Australia. $116.1B.
- Public General Hospitals in Australia. $77.6B.
- Coal Mining in Australia. $72.8B.
- General Insurance in Australia. $67.3B.
Who is China’s largest trading partner?
List of largest trading partners of China
|No.||Country / Region||Trade balance|
Does China rely on the US?
The U.S. and China have been major trading partners for years, and they rely on each other’s supply chain for input into goods and services consumed within their borders.
What are the top 3 Imports of China?
Searchable List of China’s Most Valuable Import Products
|Rank||China’s Import Product||2018 Value (US$)|
|1||Integrated circuits/microassemblies||$312.7 billion|
|2||Crude oil||$239.2 billion|
|3||Iron ores, concentrates||$75 billion|
|4||Petroleum gases||$50 billion|