2022
Flag  
GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
 GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH
111%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC 
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH
102%CURRENT US$
Rnk 8 / 186

About

Australia-China Trade: In 2022, Australia exported $84.8B to China. The main products that Australia exported to China were Iron Ore ($72.5B), Petroleum Gas ($14.2B), and Other Mineral ($8.09B). Over the past 5 years the exports of Australia to China have increased at an annualized rate of 107%, from $2.25B in 2017 to $84.8B in 2022.

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 2022, China exported $47.3B to Australia. The main products that China exported to Australia were Computers ($5.14B), Broadcasting Equipment ($4.42B), and Cars ($2.61B). Over the past 5 years the exports of China to Australia have increased at an annualized rate of 79.8%,  from $2.52B in 2017 to $47.3B in 2022.

In 2022, China did not export any services to Australia.

Comparison: In 2022,  Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Australia exported $84.8B to China. The main products exported from Australia to China were Iron Ore ($72.5B), Petroleum Gas ($14.2B), and Other Mineral ($8.09B). During the last 5 years the exports of Australia to China have increased at an annualized rate of 107%, from $2.25B in 2017 to $84.8B in 2022.

In 2017, China exported $47.3B to Australia. The main products exported from China to Australia were Computers ($5.14B), Broadcasting Equipment ($4.42B), and Cars ($2.61B). During the last 22 years the exports of China to Australia have increased at an annualized rate of 79.8%, from $2.52B in 1995 to $47.3B in 2017.

Exports from Australia (Flag) to China (Flag) (2022)

Exports from China (Flag) to Australia (Flag) (2022)

Latest Data

Trade between Australia (Flag) and China (Flag)

Australia Exports

China Exports

Market Competitiveness

Color
Australia
Top Destination
China$123B
China
Top Destination
United States$551B

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 2022, countries that imported more from Australia than China included New Caledonia ($595M), Christmas Island ($40.5M), and Nauru ($34.9M).

In 2022, countries that imported more from China than Australia included United States ($551B), Hong Kong ($276B), and Germany ($152B).

Difference in imports from China (Flag) and Australia (Flag) (2022)

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 2022, Australia had a large net trade with China in the exports of Mineral Products ($101B), Precious Metals ($5.69B), and Metals ($4.14B).

During 2017, China had a large net trade with Australia in the exports of Machines ($28.7B), Miscellaneous ($8.21B), and Textiles ($7.68B).

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) (2022)

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