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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]
The following is a list of the top 20 exports of Australia in 2017-18, ... Value (A$ million) % share of exports 1: Iron ores & concentrates: 61,357: 15.2 2: Coal ...
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.
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.
"The Australian Government continues to press for the removal of all remaining trade impediments affecting Australian exports to China," Farrell said in a statement.
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. [180] In 2009, offers were made by state-owned Chinese companies to invest $22 billion in Australia's resource extraction industry. [180]
New Zealand was the first Western nation to strike a free trade agreement with China in 2008, and China remains its largest export market for milk and agriculture products, with two-way trade of ...
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.