Which country is most important to Australia’s trade?

Australia’s top ten trading partners in 2018-19 in order were China, Japan, the United States, the Republic of Korea, Singapore, New Zealand, the United Kingdom, India, Malaysia and Thailand. China remained Australia’s largest two-way trading partner in 2018-19 and was our largest export market and import source.

Who is Australia’s biggest trade partner?

Today, China is Australia’s largest trading partner in terms of both imports and exports.

What are the most important trade partners of the Australia?

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

Who is Australia’s biggest trading partner 2020?

Australia’s Top Trading Partners

  • China: US$90.6 billion (43% of total Australian exports)
  • Japan: $19 billion (9%)
  • United States: $13.1 billion (6.2%)
  • South Korea: $13 billion (6.2%)
  • United Kingdom: $10.3 billion (4.9%)
  • India: $7.1 billion (3.4%)
  • New Zealand: $7 billion (3.3%)
  • Singapore: $5.5 billion (2.6%)

What are the top 5 countries Australia imports from?

Imports The top imports of Australia are Refined Petroleum ($16.8B), Cars ($15.8B), Crude Petroleum ($7.9B), Broadcasting Equipment ($6.37B), and Delivery Trucks ($5.84B), importing mostly from China ($52.7B), United States ($24.9B), Japan ($14.9B), Germany ($10.4B), and Thailand ($10B).

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What countries trade with Australia?

Australia trade balance, exports and imports by country

In 2018, Australia major trading partner countries for exports were China, Japan, Korea, Rep., India and United States and for imports they were China, United States, Japan, Germany and Thailand.

Where does Australia trade with?

Trade as a share of GDP

Rank Country 5 year growth trend
%
1 China 8.1
2 Japan –1.5
3 United States 8.4

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 is Australia’s most valuable 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 Australia’s biggest import?

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 does Australia trade 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.

Why does Australia trade with Japan?

Japan is Australia’s second largest trading partner behind China. … Australian exports to Japan are dominated by coal, natural gas, iron ore and beef. Woodside, BHP, Whitehaven Coal, and Oil Search are some of the major Australian companies that export commodities to Japan.

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What does China buy from Australia?

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.

Why does Australia trade so much with China?

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.