Flag China / Australia Flag

Exports Flag β†’ Flag  (2018): $52.7B, Rnk 11 / 206

Top Product Flag β†’ Flag (2018): $3.98B, Computers

Exports Flag β†’ Flag (2018): $87.9B, Rnk 1 / 206

Top Product Flag β†’ Flag (2018): $38.7B, Iron Ore

Economic Complexity of Flag (2018): ECI 0.89, Rnk 30 / 137

Economic Complexity of Flag (2018): ECI -0.093, Rnk 73 / 137

China-Australia: In 2018, China exported $52.7B to Australia. The main products exported from China to Australia were Computers ($3.98B), Broadcasting Equipment ($3.75B), and Refined Petroleum ($1.58B). During the last 23 years the exports of China to Australia have increased at an annualized rate of 13.6%, from $2.83B in 1995 to $52.7B in 2018.

Australia-China: In 2018, Australia exported $87.9B to China. The main products exported from Australia to China were Iron Ore ($38.7B), Coal Briquettes ($10.6B), and Petroleum Gas ($10B). During the last 23 years the exports of Australia to China have increased at an annualized rate of 17.2%, from $2.28B in 1995 to $87.9B in 2018. In 2018, Australia exported services to China worth $13.3B, with Travel ($12.1B), Financial services ($459M), and Transportation ($456M) being the largest in terms of value.

Comparison: In 2018, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). That same year, Australia ranked 73 in the Economic Complexity Index (ECI -0.093), and 24 in total exports ($248B). N/A

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, China exported $52.7B to Australia. The main products exported from China to Australia were Computers ($3.98B), Broadcasting Equipment ($3.75B), and Refined Petroleum ($1.58B). During the last 23 years the exports of China to Australia have increased at an annualized rate of 13.6%, from $2.83B in 1995 to $52.7B in 2018.

In 2018, Australia exported $87.9B to China. The main products exported from Australia to China were Iron Ore ($38.7B), Coal Briquettes ($10.6B), and Petroleum Gas ($10B). During the last 23 years the exports of Australia to China have increased at an annualized rate of 17.2%, from $2.28B in 1995 to $87.9B in 2018.

Market Competitiveness

#permalink to section
Measure

China
Top Destination
: United States, $499B

Australia
Top Destination
: China, $87.9B

This map shows whether countries import more from China or Australia. Each country is colored based on the difference in imports they receive from China and Australia or the difference in the growth in imports.

In 2018, countries that imported more from China than Australia were United States ($499B), Hong Kong ($282B), and Japan ($155B).

In 2018, countries that imported more from Australia than China were Papua New Guinea ($1.34B), New Caledonia ($298M), and Nauru ($25.4M).

Comparative Advantage China - Australia

#permalink to section
Depth

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

During 2018, China had a large net trade with Australia in the exports of Machines ($20.6B), Textiles ($5.55B), and Miscellaneous ($5.29B).

During 2018, Australia had a large net trade with China in the exports of Mineral Products ($67B), Precious Metals ($4.58B), and Metals ($3.03B).

Tariff Section

#permalink to section

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

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%).

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%).

Explore Tariff Data

*The tariffs present between China and Australia are:
125: General duty rate
136: Most Favoured Nation duty rate treatement
165: Preferential tariff for Australia

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between China and Australia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

#permalink to section

In 2018, Australia exported services to China worth $13.3B, with Travel ($12.1B), Financial services ($459M), and Transportation ($456M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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 China has comparative advantage over Australia. Similarly, the more red a dot/product is, the more Australia has comparative advantage over China.