China / Australia

Overview In October 2024, China exported $6.8B and imported $10.8B from Australia, resulting in a negative trade balance of $4.01B. Between October 2023 and October 2024 the exports of China have increased by $146M (2.2%) from $6.65B to $6.8B, while imports decreased by $-1.14B (-9.55%) from $12B to $10.8B.

Trade In October 2024, the top exports of China to Australia were Telephones ($450M), Refined Petroleum ($416M), Computers ($316M), Cars ($264M), and Other Furniture ($180M). In October 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 October 2024 the exports of China were mainly from Guangdong Province ($1.33B), Jiangsu Province ($1.11B), Zhejiang Province ($968M), Shanghai Province ($720M), and Shandong Province ($670M), while imports destinations were mainly Shanghai Province ($1.69B), Beijing ($1.09B), Zhejiang Province ($1.04B), Guangdong Province ($1.02B), and Fujian Province ($1.01B).

Growth In October 2024, the increase in China's year-by-year exports to Australia was explained primarily by an increase in product exports in Refined Petroleum ($410M or 6.76k%), Telephones ($195M or 76.5%), and Cars ($138M or 109%). In October 2024, the decrease in China's year-by-year imports  from Australia was explained primarily by an decrease in product imports  in Petroleum Gas ($-875M or -35.6%), Raw Nickel ($-119M or -63%), and Iron Ore ($-112M or -1.63%).