Flag Australia / China Flag

2019
FlagFlag
Exports
: $111B, Rnk 1 / 208

2019
FlagFlag
Top Product
: $55.1B, Iron Ore

2019
FlagFlag
Exports
: $52.7B, Rnk 12 / 209

2019
FlagFlag
Top Product
: $3.84B, Broadcasting Equipment

2019
Flag
Economic Complexity (ECI)
: ECI -0.19, Rnk 79 / 146

2019
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Economic Complexity (ECI)
: ECI 1.01, Rnk 29 / 146

2019
Flag  
GDP
: $1.4T, CURRENT US$
Rnk 13 / 187

2009-2019
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GDP GROWTH
: 50.5%, CURRENT US$
Rnk 93 / 187

2019
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 GDP
: $14.3T, CURRENT US$
Rnk 2 / 187

2009-2019
Flag
GDP GROWTH
: 181%, CURRENT US$
Rnk 6 / 187

2019
Flag
GDP PC 
: $55,060, CURRENT US$
Rnk 12 / 187

2009-2019
Flag
GDP PC GROWTH
: 28.7%, CURRENT US$
Rnk 95 / 187

2019
Flag
GDP PC
: $10,262, CURRENT US$
Rnk 71 / 187

2009-2019
Flag
GDP PC GROWTH
: 168%, CURRENT US$
Rnk 2 / 187

Australia-China In 2019, Australia exported $111B to China. The main products that Australia exported to China are Iron Ore ($55.1B), Petroleum Gas ($11.8B), and Gold ($9.57B). During the last 24 years the exports of Australia to China have increased at an annualized rate of 17.7%, from $2.22B in 1995 to $111B in 2019.

In 2018, Australia exported services to China worth $13.7B, with Travel ($12.5B), Financial services ($510M), and Transportation ($469M) being the largest in terms of value.

China-Australia In 2019, China exported $52.7B to Australia . The main products that China exported to Australia were Broadcasting Equipment ($3.84B), Computers ($3.83B), and Refined Petroleum ($2.33B). During the last 24 years the exports of China to Australia have increased at an annualized rate of 13.8%, from $2.37B in 1995 to $52.7B in 2019.

In 2019, China did not export any services to Australia.

Comparison In 2019,  Australia ranked 79 in the Economic Complexity Index (ECI -0.19), and 19 in total exports ($284B). That same year, China ranked 29 in the Economic Complexity Index (ECI 1.01), and 1 in total exports ($2.57T).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Australia exported $111B to China. The main products exported from Australia to China were Iron Ore ($55.1B), Petroleum Gas ($11.8B), and Gold ($9.57B). During the last 24 years the exports of Australia to China have increased at an annualized rate of 17.7%, from $2.22B in 1995 to $111B in 2019.

In 2019, China exported $52.7B to Australia. The main products exported from China to Australia were Broadcasting Equipment ($3.84B), Computers ($3.83B), and Refined Petroleum ($2.33B). During the last 24 years the exports of China to Australia have increased at an annualized rate of 13.8%, from $2.37B in 1995 to $52.7B in 2019.

Australia Exports

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Market Competitiveness

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Measure

Australia
Top Destination
: China, $111B

China
Top Destination
: United States, $429B

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 2019, countries that imported more from Australia than China were Papua New Guinea ($1.34B), New Caledonia ($304M), and Nauru ($24.6M).

In 2019, countries that imported more from China than Australia were United States ($429B), Hong Kong ($268B), and Japan ($152B).

Comparative Advantage Australia - China

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Depth

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

During 2019, Australia had a large net trade with China in the exports of Mineral Products ($83.8B), Precious Metals ($9.61B), and Animal Products ($4.18B).

During 2019, China had a large net trade with Australia in the exports of Machines ($20.8B), Textiles ($5.36B), and Miscellaneous ($5.22B).

Tariff Section

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This section shows import tariffs for products traded between Australia and China (using the HS6 product classification and the last year reported).

In 2018, the products from Australia that paid the highest import tariffs to enter China were Looped pile knit or crochet fabric, of cotton (2%) and Mens, boys ensembles, synthetic fibres, knit (2%).

In 2018, the products from China that paid the highest import tariffs to enter Australia were Tobacco: smoking, water pipe tobacco as specified in Subheading Note 1 to this Chapter, whether or not containing tobacco substitutes in any proportion (57%) and Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (57%).

*The tariffs present between Australia and China are:
87: Australia General System of Preferences (GSP): Countries and Places in Part 4 of Schedule 1 (DCS rates)
136: Most Favoured Nation duty rate treatement
184: Preferential tariff for China

Bilateral Service Trade

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In 2018, Australia exported services to China worth $13.7B, with Travel ($12.5B), Financial services ($510M), and Transportation ($469M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Australia has comparative advantage over China. Similarly, the more red a dot/product is, the more China has comparative advantage over Australia.