What is the value of Australian exports to China?

The value of Australia’s exports to China has jumped 24% from a year ago, to reach over $180 billion Australian dollars ($135 billion) as of the latest August data, according to research firm Oxford Economics.

What is the trade balance between Australia and China?

Strong iron ore prices have helped to keep the value of Australian goods exports to China solid since June last year. China remained Australia’s largest two-way goods and services trading partner in 2020. This relationship currently accounts for around 31% (A$245 billion) of Australia’s total trade (see table below).

How much do we export to China?

U.S. goods exports to China in 2020 were $124.5 billion, up 16.9 percent ($18.0 billion) from 2019 and up 35 percent from 2010. U.S. exports to China are up 549.0 percent from 2001 (pre-WTO accession).

What does China 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.

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How much does Australia import from China 2020?

Australia Imports from China was US$61.05 Billion during 2020, according to the United Nations COMTRADE database on international trade.

What would happen if China stopped trade with Australia?

“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.”

What products do 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.

Do we export anything to China?

Exports to China benefit nearly all US states and industries. China was a top-five goods export destination for 45 states in 2020. The top US goods exports to China are oilseeds and grains, semiconductors and their componentry, oil and gas, and motor vehicles.

What are China’s biggest exports?

List of exports of China

# Product Value
1 Computers 210.231
2 Broadcasting equipment 110.979
3 Telephones 91.759
4 Office Machine Parts 47.079

What are we exporting to China?

In the FY 2019-20 Indian export to China stands at $16.6 billion. India exports organic chemical, mineral fuels, cotton, ores, plastic items, nuclear machinery, fish, salts, electrical machinery and iron and steel to China.

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.

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Will China stop trading with Australia?

China has “indefinitely” suspended key economic dialogue with Australia, the latest in a growing diplomatic rift between both countries.