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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, as reported by its Department of Foreign Affairs and Trade. [1] # Commodity Value (A$ million)
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.
That was more Australian wine than was sold to China in the preceding three years. Australia provided almost 40% of China’s imported wine and was a market worth AU$1.24 billion ($820 million) a ...
"The Australian Government continues to press for the removal of all remaining trade impediments affecting Australian exports to China," Farrell said in a statement.
Australia's economy is strongly intertwined with the countries of East and Southeast Asia, also known as ASEAN Plus Three (APT), accounting for about 64% of exports in 2016. [46] China in particular is Australia's main export and import partner by a wide margin. [47] Australia is a member of the APEC, G20, OECD and WTO.
Australia lodged a complaint over China's tariffs on its wine at the WTO in 2021. Until the tariffs, China was Australia's top wine export market, peaking at A$1.2 billion ($804 million) for the ...
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.