Australia (AUS) and China (CHN) Trade | The Observatory of Economic Complexity

About

Australia-China Trade: In 2022, Australia exported $123B 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 7.76%, from $84.8B in 2017 to $123B 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 $81.2B to Australia. The main products that China exported to Australia were N/A. Over the past 5 years the exports of China to Australia have increased at an annualized rate of 5.03%, from $47.3B in 2017 to $81.2B 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Australia exported $123B 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 7.76%, from $84.8B in 2017 to $123B in 2022.

In 2017, China exported $81.2B to Australia. There were not main exports from China to Australia in 2017. During the last 5 years the exports of China to Australia have increased at an annualized rate of 5.03%, from $47.3B in 2022 to $81.2B in 2017.

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

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

Latest Data

Trade between Australia () and China ()

Australia Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$123B

China
Top DestinationUnited 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 () and Australia () (2022)

Comparative Advantage Australia - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 N/A.

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Australia () and China ()

Australia Exports

China Exports

Market Competitiveness

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

Comparative Advantage Australia - China

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Australia () and China () (2022)

Keep Exploring