Who are Australia’s major trading partners?

Who are Australia’s 5 biggest trading partners?

Also shown is each import country’s percentage of total Australian exports.

  • 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%)

Who is Australia’s biggest trade partner?

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

Who is Australia’s biggest trading partner 2020?

China is Australia’s biggest trading partner for both the export and import of goods. Figures 1 and 2 below shows the dominance of China, with 39% all goods exported in 2019-20 going to China, while 27% of all goods imported were from China.

Who are Australia’s top two-way trading partners?

According to data obtained in the 2018 calendar year, China was the largest partner followed by Japan and the European Union.

What are Australia’s top 3 imports?

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)
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Who are our biggest trading partners?

China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports.

Who is our biggest trade partner?

List of the largest trading partners of the United States

Rank Country/District Total Trade
World 3,888,236
European Union 717,902
1 China 635,364
2 Canada 581,584

Which country is China largest trading partner?

Searchable Datalist of Countries Consuming China’s Exports

Rank Importer 2019-20
1. United States +8.1%
2. Hong Kong -2.5%
3. Japan -0.4%
4. Vietnam +16.1%

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.

Who are the top five buyers of Australian commodities?

China is Australia’s biggest trade partner, while Japan and the United States are among the country’s top 5 partners for both exports and imports. Coal briquettes top the exports list while refined petroleum is the most imported product.

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.

Who are Australia’s biggest trading partners and why?

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.

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What is the interdependent relationship between Australia and its trade partners?

Australia’s largest trade relationship is interdependent with (not dependent on) China, which already draws 60 per cent of all its iron ore imports and a quarter of its imports of strategic raw materials from Australia, a proportion that continues to grow.

Is China Australia’s biggest trading partner?

China is Australia’s largest two-way trading partner in goods and services, accounting for nearly one third (31 per cent) of our trade with the world. Two-way trade with China declined 3 per cent in 2020, totalling $245 billion (Australia’s global two-way trade declined 13 per cent during this period).