Frequent question: What is Australia’s number one import?

Australia imports mainly machinery and transport equipment (40 percent of total imports), of which road vehicles account for 12 percent, industrial machinery for 6 percent, electrical machinery for 5 percent and telecommunications and sound recording for 5 percent.

What does Australia import the most?

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)

What is Australia number 1 export?

List of exports of Australia

# Commodity % share of exports
1 Iron ores & concentrates 15.2
2 Coal 15.0
3 Education 8.0
4 Natural gas 7.7

What is the number 1 import?

Searchable List of America’s Most Valuable Import Products

Rank US Import Product 2020 Value (US$)
1 Cars $145,659,382,000
2 Computers, optical readers $104,948,207,000
3 Phone system devices including smartphones $102,547,452,000
4 Medication mixes in dosage $95,175,568,000

What are Australia’s top 5 exports?

The 10 Biggest Exporting Industries in Australia

  • Iron Ore Mining in Australia. …
  • Oil and Gas Extraction in Australia. …
  • Coal Mining in Australia. …
  • Liquefied Natural Gas Production in Australia. …
  • Gold and Other Non-Ferrous Metal Processing in Australia. …
  • Meat Processing in Australia. …
  • Grain Growing in Australia.
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What 5 countries do we import the most from?

The United States imports half of its total volume from five countries: China, Canada, Mexico, Japan, and Germany. Although the United States can manufacture goods it imports, these exporting countries have the comparative advantage over it.

What are Australia’s imports exports?

Economic and Trade Statistics

Australia is currently our 21st largest goods trading partner with $37.8 billion in total (two way) goods trade during 2020. Goods exports totaled $23.4 billion; goods imports totaled $14.4 billion. The U.S. goods trade surplus with Australia was $9.0 billion in 2020.

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

What do we import from China?

The United States continues to import food from China, including $4.6 billion worth in 2017 alone. Top imports include fruits and vegetables, snack foods, spices and tea. In 2019, for example, the U.S. imported $89 million worth of tea and $300 million worth of apple juice.

What does China import the most of?

Searchable List of China’s Most Valuable Import Products

Rank China’s Import Product 2020 Value (US$)
1 Integrated circuits/microassemblies $350,845,066,000
2 Crude oil $176,321,269,000
3 Iron ores, concentrates $118,944,291,000
4 Cars $44,923,331,000

What do US import from China?

The top U.S. import commodities from China are fruits and vegetables (fresh/processed), snack food, spices, and tea – the combined which accounts for nearly one-half of the total U.S. agricultural imports from China.

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What is Australia’s largest export industry?

Despite the fall in iron ore prices and the correspondent drop in export revenue, iron ore remains Australia’s largest export, followed by coal. These two commodities alone represent over a quarter of all export earnings.

What are Australia’s major imports 2021?

Biggest Importing Industries in Australia in 2021

  1. Motor Vehicle Manufacturing in Australia. …
  2. Petroleum Refining and Petroleum Fuel Manufacturing in Australia. …
  3. Pharmaceutical Product Manufacturing in Australia. …
  4. Communication Equipment Manufacturing in Australia.

What is Australia the largest producer of?

Australia is among the top five producers of most of the world’s key mineral commodities, being:

  • the world’s leading producer of bauxite, alumina, rutile and tantalum.
  • the second largest producer of uranium, lead, ilmenite, zircon and lithium.
  • the third largest producer of iron ore, and zinc.