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Home » Australasia » Who are Australia’s main trading partners?

Who are Australia’s main trading partners?

December 14, 2021 by Shelia Campbell

Australia top 5 Export and Import partners

Exporter Trade (US$ Mil) Partner share(%)
China 56,947 25.71
United States 26,226 11.84
Japan 15,472 6.99
Thailand 10,667 4.82

Contents

Who is Australia’s biggest trade partner?

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

What are the top 5 Australian exports?

The 10 Biggest Exporting Industries in Australia

  • Iron Ore Mining in Australia.
  • Oil and Gas Extraction in Australia.
  • Coal Mining in Australia.
  • Liquefied Natural Gas Production in Australia.
  • Gold and Other Non-Ferrous Metal Processing in Australia.
  • Meat Processing in Australia.
  • Grain Growing in Australia.

Who are Australia’s top two way trading partners?

The largest trading partners

Rank Country/District Imports
1 China 78,321
2 Japan 26,967
3 European Union 47,573
4 United States 31,603

Who are Australia’s top 5 two way trading partners?

Australia’s Top Trading Partners

  • 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%)
  • Singapore: $5.5 billion (2.6%)

Who are Australia’s trade partners and why?

China, Japan & the US
Rounding off Australia’s top 10 trading partners in 2018–19 were South Korea, Singapore, New Zealand, the United Kingdom, India, Malaysia and Thailand.

What is Australia’s main import?

Imports The top imports of Australia are Refined Petroleum ($16.8B), Cars ($15.8B), Crude Petroleum ($7.9B), Broadcasting Equipment ($6.37B), and Delivery Trucks ($5.84B), importing mostly from China ($52.7B), United States ($24.9B), Japan ($14.9B), Germany ($10.4B), and Thailand ($10B).

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What does Australia sell to China?

Iron ore, gas and coal make up the bulk of Australian exports to China (more than AUD 79 billion), but Australian service industries – led by education and tourism – are a growing part of the trade relationship.

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.

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.

Who is our biggest trading 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

Who are Australia’s top 10 trading partners?

For viewing trade, tariff data for country or region by year click here.
Australia top 5 Export and Import partners.

Exporter Trade (US$ Mil) Partner share(%)
China 56,947 25.71
United States 26,226 11.84
Japan 15,472 6.99
Thailand 10,667 4.82

What are Australia’s top 3 exports?

List of exports of Australia

# Commodity % share of exports
1 Iron ores & concentrates 15.2
2 Coal 15.0
3 Education 8.0
4 Natural gas 7.7

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).

See also  Is there an Australian identity?

What are trading partners?

trading partners. DEFINITIONS1. a country or company that another country or company does business with regularly. Synonyms and related words.

What is Australia’s trade?

Australia’s trade in goods and services, 2020

Top 15 commodities (goods and services)¹ A$ billion
Ranking Exports of goods & services 2019
1 Iron ores & concentrates 96.2
2 Coal⁴ 63.9
3 Natural gas 48.7

What are the five main exported goods and services from Australia to all other countries?

Australia’s Top 10 Exports

  • Ores, slag, ash: US$91.3 billion (35.9% of total exports)
  • Mineral fuels including oil: $65.4 billion (25.7%)
  • Gems, precious metals: $19.6 billion (7.7%)
  • Meat: $10.4 billion (4.1%)
  • Inorganic chemicals: $5.2 billion (2%)
  • Machinery including computers: $4.4 billion (1.7%)

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.

What is Australia’s main export?

iron ore
Despite the fall in iron ore prices and the correspondent drop in export revenue, iron ore remains Australia’s largest export, followed by coal. These two commodities alone represent over a quarter of all export earnings.

What are the five main countries Australia imports from?

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Australia Imports By Country Value Year
China $61.05B 2020
United States $25.14B 2020
Japan $12.73B 2020
Thailand $10.22B 2020

How many Chinese live in Australia?

The latest Census in 2016 recorded 509,555 China-born people in Australia, an increase of 59.8 per cent from the 2011 Census.

Filed Under: Australasia

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About Shelia Campbell

Sheila Campbell has been traveling the world for as long as she can remember. Her parents were avid travelers, and they passed their love of exploration onto their daughter. Sheila has visited every continent on Earth, and she's always looking for new and interesting places to explore.

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