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.
How much does China import from Australia?
China is also the largest foreign buyer of Australian agriculture, forestry and fisheries products, with imports totalling around AUD 13.5 billion in 2017-18.
What percentage does China own of Australia?
Further putting the recent falls in perspective, FIRB data shows buyers from mainland China purchased $113.2 billion worth of Australian residential and commercial property in the decade to the 2018-19, accounting for 19.3 per cent of all foreign asset purchases.
How much does Australia export to China 2019?
Australia exports to China was US$103 Billion during 2019, according to the United Nations COMTRADE database on international trade.
What percentage of Australian exports go to China?
China is by far Australia’s biggest export market, taking about 30 per cent of Australia’s exports by value. According to recent Department of Foreign Affairs and Trade figures, China takes $79.5 billion worth of Australian iron ore, $13.8 billion worth of coal and $16 billion in natural gas exports.
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 Australia’s largest 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)
13 янв. 2020 г.
Does China own ports in Australia?
China now owns key ports, mines, agricultural land, dairy processors, valuable real estate, state-sponsored schools, plus water and energy companies.
How much land do Chinese own in Australia?
CHINESE investors have continued to be the largest foreign entities with an interest (leasehold and freehold) in Australian farmland for a second consecutive year. They increased their investments by 0.5 per cent, bringing Chinese interests’ total area of Australian agricultural land to 9,199,000 hectares or 2.4pc.
Who owns most of Australia?
The British still own most of Australia when it comes to agricultural land, according to a national survey of foreign-owned farmland.
What are Australia’s top 5 imports?
Imports: The top imports of Australia are Refined Petroleum ($18.5B), Cars ($18.1B), Crude Petroleum ($9.25B), Delivery Trucks ($7.29B), and Broadcasting Equipment ($6.51B), importing mostly from China ($52.7B), United States ($22.2B), Japan ($16.6B), Germany ($11.9B), and Thailand ($11.1B).
What does Australia rely on China for?
China is Australia’s biggest trading partner mainly due to China’s strong demand for iron ore, coal and liquefied natural gas. Exports to China helped Australia escape the worst effects of the global financial crisis.
Which country does Australia import the most from?
The largest trading partners
What is Australia’s most valuable export?
Searchable List of Australia’s Most Valuable Export Products
|Rank||Australia’s Export Product||2020 Value (US$)|
|1||Iron ores, concentrates||$78,830,087,000|
|2||Coal, solid fuels made from coal||$32,477,570,000|
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.
Will China stop buying Australian iron ore?
“First, it would mean too big a disruption to the Chinese economy.” Iron ore imports from Australia are worth $85 billion annually, and so far, the agricultural imports hit by China’s tariffs and bans are worth just $6 billion, he said. “China would not be able to make up its iron ore needs from other sources.”