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The 10 largest trading partners of Australia with their total trade (sum of imports and exports) in millions of Australian dollars and the total trade for all countries for the 2022 calendar year were as follows: [2]
China is Australia's biggest trading partner mainly due to China's strong demand for iron ore, coal and liquefied natural gas. [43] Exports to China helped Australia escape the worst effects of the global financial crisis. [44] Many major Australian mining companies rely heavily on China and other growing big economies such as India for exports.
Map of countries by exports, 2023. The following article lists different countries and territories by their exports according to data from the World Bank. Included are merchandise exports and service exports. Merchandise exports are goods that are produced in one country and sold to another country. Service exports refer to the cross-border ...
Since China removed the tariffs in April, AU$86 million ($57 million) of wine had been exported to what was once the largest export market for Australian vineries, Farrell said.
There is substantial export to China of iron ore, wool and other raw materials, and over 120,000 Chinese students study in Australian schools and universities. China is the largest purchaser of Australian debt. [181] In 2009, offers were made by state-owned Chinese companies to invest $22 billion in Australia's resource extraction industry. [181]
According to the Australian Department of Foreign Affairs and Trade, in 2014, China was Australia's largest export market for both goods and services, accounting for nearly a third of total exports, and a growing source of foreign investment. [6]
World map by trade as a share of GDP. [1]This is the list of countries by trade-to-GDP ratio, i.e. the sum of exports and imports of goods and services, divided by gross domestic product, expressed as a percentage, based on the data published by World Bank.
For most economies worldwide, their leading export and import trading partners in terms of value are typically the United States, European Union (EU) or China. Emerging markets such as Russia, Brazil, India, South Africa, Saudi Arabia, The UAE, Turkey, and Iran are becoming increasingly important as major markets or source countries in various regions.