Best answer: What is Australia’s main 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 does China need from Australia?

Around half of that is iron ore, which fuels China’s insatiable need for steel to fuel its construction boom. The rest is mainly coal, gas, and agricultural products, plus substantial Australian earnings from Chinese students and tourists.

What is our main export to China?

KEY TAKEAWAYS

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 Australia’s biggest import from China?

Australia’s main imports from China are manufactured goods, which were worth more than AUD 21 billion in 2018 and is led by telecommunication equipment, IT products, furniture and homewares.

What are Australia’s main exports?

List of exports of Australia

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# Commodity Value (A$ million)
1 Iron ores & concentrates 61,357
2 Coal 60,356
3 Education 32,434
4 Natural gas 30,907

Does Australia rely on China?

China as an investor

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.

Is China still trading with Australia?

China has been buying more goods from Australia this year even as their trade spat shows no signs of abating. … Relations between the two countries deteriorated sharply last year after Australia supported a call for a global inquiry into China’s handling of its initial Covid-19 outbreak.

What has China stopped buying from Australia?

China’s government has hit several Australian industries with economic sanctions, imposing hefty tariffs on Australian barley and wine exports while throwing up barriers to several other products including timber, lobster and coal. But it has typically not framed these decisions as acts of political retaliation.

What is the most imported products from China?

Searchable List of China’s Most Valuable Import Products

Rank China’s Import Product Change
1 Integrated circuits/microassemblies +14.7%
2 Crude oil -26.1%
3 Iron ores, concentrates +19.1%
4 Cars -4.5%

What is China’s biggest import?

Imports The top imports of China are Crude Petroleum ($204B), Integrated Circuits ($123B), Iron Ore ($83.1B), Petroleum Gas ($47.8B), and Cars ($43.1B), importing mostly from South Korea ($136B), Japan ($128B), Australia ($111B), Germany ($107B), and United States ($103B).

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Which country imports the most from China?

List of largest trading partners of China

Rank Country / Territory Imports
1 United States 153.9
2 European Union 197.9
ASEAN 236.4
3 Japan 165.8

What are the five main countries Australia import from?

Australia top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China 102,996 38.67
Japan 39,455 14.81
Korea, Rep. 17,464 6.56
United Kingdom 10,570 3.97

Which Australian state exports the most?

For most industries, New South Wales is the state where the highest number of merchandise exporters are located. The Mining industry is the most notable exception, with Mining exporters most commonly located in Western Australia (43%) and Queensland (25%).