Frequent question: What is Australia’s biggest export to China?

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 does Australia export 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 is Australia’s biggest 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
3 Petroleum gases $26,972,247,000
4 Gold (unwrought) $17,484,609,000

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.
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What food does Australia export to China?

food exports to China

  • Dairy products. Seafood.
  • Fresh fruit. Beef.
  • Milk powders. Baby food.
  • Alcoholic beverages. Fruit juice.

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 Australia sends to China?

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 %
Iron ore 83
Wool 77
Lobster 76
Cotton 64

What is Australia’s biggest import?

The 10 Biggest Importing Industries in Australia

  • Motor Vehicle Manufacturing in Australia. …
  • Petroleum Refining and Petroleum Fuel Manufacturing in Australia. …
  • Pharmaceutical Product Manufacturing in Australia. …
  • Computer and Electronic Office Equipment Manufacturing in Australia. …
  • Communication Equipment Manufacturing in Australia. …
  • Oil and Gas Extraction in Australia.

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.

What is Australia’s top 5 exports?

Top Australian Exports

  • Iron ore – $48.1 billion.
  • Petroleum gas – $17.6 billion.
  • Gold – $16.1 billion.
  • Aluminum oxide – $6.66 billion.
  • Crude petroleum – $5.78 billion.
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Who is China’s biggest trading partner?

China’s top five trading partners are ASEAN, the EU, the US, Japan and South Korea, with the import and export of between China and ASEAN reached 4.74 trillion yuan, 4.5, 4.06, 2.2 and 1.97 trillion yuan, respectively, an increase of 7%, 5.3%, 8.8%, 1.2% and 0.7%.

What do we sell 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.

What is China’s biggest import?

China is the world’s largest importer of soybeans and meat and among the leading importers of dairy, wine, and other food products and beverages. In terms of service trade, travel and transportation-related service imports take up around 75 percent of all service imports in China.

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.

Does Australia import beef from China?

China is Australia’s largest trading partner, making up 30 per cent of exports. Five other beef suppliers have been hit with import bans this year. It comes as tensions between the two nations escalate.

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.

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