2023
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GDP
$1.73TCURRENT US$
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2013-2023
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GDP GROWTH
9.57%CURRENT US$
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2023
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 GDP
$17.8TCURRENT US$
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2013-2023
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GDP GROWTH
85.9%CURRENT US$
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2023
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GDP PC 
$64,821CURRENT US$
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2013-2023
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GDP PC GROWTH
-4.94%CURRENT US$
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2023
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GDP PC
$12,614CURRENT US$
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2013-2023
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GDP PC GROWTH
79.7%CURRENT US$
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About

Australia-China Trade: In 2023, Australia exported $137B to China. The main products that Australia exported to China were Iron Ore ($71.8B), Petroleum Gas ($15.1B), and Other Mineral ($12B). Over the past 5 years the exports of Australia to China have increased at an annualized rate of 6.98%, from $97.7B in 2018 to $137B in 2023.

In 2009, Australia exported services to China worth $4.11B, with Travel ($3.72B), Transportation ($170M), and Other business services ($119M) being the largest in terms of value.

China-Australia Trade: In 2023, China exported $72.3B to Australia. The main products that China exported to Australia were Broadcasting Equipment ($5.15B), Computers ($4.37B), and Cars ($4.37B). Over the past 5 years the exports of China to Australia have increased at an annualized rate of 4.93%,  from $56.8B in 2018 to $72.3B in 2023.

In 2023, China did not export any services to Australia.

Comparison: In 2023,  Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B). That same year, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Australia exported $137B to China. The main products exported from Australia to China were Iron Ore ($71.8B), Petroleum Gas ($15.1B), and Other Mineral ($12B). During the last 5 years the exports of Australia to China have increased at an annualized rate of 6.98%, from $97.7B in 2018 to $137B in 2023.

In 2018, China exported $72.3B to Australia. The main products exported from China to Australia were Broadcasting Equipment ($5.15B), Computers ($4.37B), and Cars ($4.37B). During the last 5 years the exports of China to Australia have increased at an annualized rate of 4.93%, from $56.8B in 2023 to $72.3B in 2018.

Exports from Australia (Flag) to China (Flag) (2023)

Exports from China (Flag) to Australia (Flag) (2023)

Latest Data

Trade between Australia (Flag) and China (Flag)

Australia Exports

China Exports

Market Competitiveness

Color
Australia
Top Destination
China$137B
China
Top Destination
United States$436B

This map shows whether countries import more from Australia or China. Each country is colored based on the difference in imports they receive from Australia and China or the difference in the growth in imports.

In 2023, countries that imported more from Australia than China included New Caledonia ($385M), Papua New Guinea ($1.44B), and Christmas Island ($33.9M).

In 2023, countries that imported more from China than Australia included United States ($436B), Hong Kong ($259B), and Germany ($164B).

Difference in imports from China (Flag) and Australia (Flag) (2023)

Comparative Advantage Australia - China

Flow
Scale

This chart compares trade between Australia and China by product, considering products traded by both, Australia and China.

During 2023, Australia had a large net trade with China in the exports of Mineral Products ($110B), Precious Metals ($8.59B), and Vegetable Products ($4.31B).

During 2018, China had a large net trade with Australia in the exports of Machines ($27.5B), Transportation ($7.31B), and Metals ($6.35B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Australia China+$1.03BCrude Petroleum
Top Product Potential China Australia+$533MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Australia and China. This means that a dot/product with the flag of Australia indicates it has a comparative advantage over China. Similarly, a dot/product with the flag of China indicates it has a comparative advantage over Australia.

Product Space of Australia (Flag) and China (Flag) (2023)

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