What are Australia’s largest 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 does Australian export to China?

Meat and live animal products are still holding “steady” and going to China despite restrictions, said Langcake. The goods among the worst hit include timber, seafood, beverages, edible oils, coal, textiles, footwear, cereals and sugar, according to Oxford Economics.

What is China’s main import from Australia?

More than 80 percent of China’s iron ore imports are concentrated in the hands of four major foreign miners, with Australia and Brazil accounting for a combined 81 percent of China’s total iron ore imports, according to media reports. Among them, Australia takes over 60 percent of the total amount of iron ore imports.

What is our biggest export to China?

Searchable List of China’s Most Valuable Export Products

Rank China’s Export Product 2020 Value (US$)
1 Phone system devices including smartphones $223,217,114,000
2 Computers, optical readers $170,176,156,000
3 Integrated circuits/microassemblies $117,099,589,000
4 Miscellaneous articles, dress patterns $55,225,956,000

What did Australia export to China in 2019?

In 2019, Australia exported $111B to China. The main products exported from Australia to China were Iron Ore ($55.1B), Petroleum Gas ($11.8B), and Gold ($9.57B). During the last 24 years the exports of Australia to China have increased at an annualized rate of 17.7%, from $2.22B in 1995 to $111B in 2019.

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What Australian businesses are owned by China?

Industrials

  • CIMIC Group (ASX: CM), infrastructure contractor.
  • Lend Lease Group (ASX: LLC), infrastructure.
  • Macquarie Atlas Roads, roads and infrastructure.
  • Woods Bagot, architecture consulting.

Does China rely on Australia?

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.