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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]
In April 2023 the Australian government agreed to temporarily suspend the WTO action on China's wine import tariffs, pending an expedited review of the tariffs by China, [34] which China announced it would complete in three months, with a possible fourth if needed. In July 2023 the extra month was added to the review timeline.
Exports of goods and services (US$ million) by country or region [1] Country Exports Year Top export (2021) [2] China (mainland) 3,511,248 2023 Broadcasting equipment United States: 3,051,824 2023 Petroleum Germany: 2,104,251 2023 Cars France: 1,081,824 2023 Packaged medications United Kingdom: 1,074,781 2023 Gold Netherlands: 949,983 2023 ...
Australian Trade Minister Don Farrell on Wednesday predicted the final obstacle for exports to China, Beijing’s ban on live lobster imports, will be lifted soon after Chinese Premier Li Qiang ...
Service exports can include a wide range of activities such as transportation, ... 2023 China: 332,055 2023 ... Australia: 74,741 2023
China has become the world's second largest economy by GDP (Nominal) and largest by GDP (PPP). 'China developed a network of economic relations with both industrial economies and those constituting the semi-periphery and periphery of the world system.' [1] Due to the rapid growth of China's economy, the nation has developed many trading partners throughout the world.
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.
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]