China / Australia

Overview In February 2024, China exported $4.59B and imported $11.4B from Australia, resulting in a negative trade balance of $6.78B. Between February 2023 and February 2024 the exports of China have decreased by $-180M (-3.78%) from $4.77B to $4.59B, while imports decreased by $-1.14B (-9.1%) from $12.5B to $11.4B.

Trade In February 2024, the top exports of China to Australia were Telephones ($450M), Refined Petroleum ($416M), Computers ($316M), Cars ($264M), and Other Furniture ($180M). In February 2024 the top imports of China from Australia were Iron Ore ($6.74B), Petroleum Gas ($1.58B), Other Mineral ($1.48B), Gold ($977M), and Wheat ($341M).

Origins In February 2024 the exports of China were mainly from Guangdong Province ($1.01B), Jiangsu Province ($752M), Zhejiang Province ($647M), Shanghai Province ($434M), and Shandong Province ($429M), while imports destinations were mainly Beijing ($1.84B), Shanghai Province ($1.54B), Jiangsu Province ($997M), Fujian Province ($934M), and Zhejiang Province ($860M).

Growth In February 2024, the decrease in China's year-by-year exports to Australia was explained primarily by an decrease in product exports in Laboratory Reagents ($-152M or -97.5%), Pesticides ($-82.5M or -51.5%), and Computers ($-63.5M or -16.7%). In February 2024, the decrease in China's year-by-year imports  from Australia was explained primarily by an decrease in product imports  in Petroleum Gas ($-875M or -35.6%), Raw Nickel ($-119M or -63%), and Iron Ore ($-112M or -1.63%).