Overview In August 2022, China exported $7.08B and imported $12.5B from Australia, resulting in a negative trade balance of $5.4B. Between August 2021 and August 2022 the exports of China have decreased by $-3.78B (-34.8%) from $10.9B to $7.08B, while imports decreased by $-5.65B (-31.2%) from $18.1B to $12.5B.
Trade In August 2022, the top exports of China to Australia were Cars ($377M), Computers ($340M), Telephones ($212M), Other Furniture ($158M), and Semiconductor Devices ($133M). In August 2022 the top imports of China from Australia were Iron Ore ($6.98B), Gold ($1.24B), Petroleum Gas ($1.2B), Other Mineral ($857M), and Crude Petroleum ($188M).
Origins In August 2022 the exports of China were mainly from Guangdong Province ($1.49B), Jiangsu Province ($1.05B), Zhejiang Province ($1.02B), Shanghai Province ($899M), and Shandong Province ($697M), while imports destinations were mainly Beijing ($2.27B), Shanghai Province ($2.24B), Jiangsu Province ($1.14B), Zhejiang Province ($1.08B), and Shandong Province ($990M).
Growth In August 2022, the decrease in China's year-by-year exports to Australia was explained primarily by an decrease in product exports in Electric Generating Sets ($-84.5M or -90.1%), Refined Petroleum ($-37M or -27.1%), and Semiconductor Devices ($-15.3M or -23.1%). In August 2022, the decrease in China's year-by-year imports from Australia was explained primarily by an decrease in product imports in Gold ($-792M or -99.5%), Petroleum Gas ($-281M or -21.2%), and Frozen Bovine Meat ($-93.5M or -53.2%).