China / Australia

Overview In August 2024, China exported $6B and imported $10B from Australia, resulting in a negative trade balance of $3.99B. Between August 2023 and August 2024 the exports of China have decreased by $-201M (-3.24%) from $6.2B to $6B, while imports decreased by $-2.39B (-19.3%) from $12.4B to $10B.

Trade In August 2024, the top exports of China to Australia were Telephones ($450M), Refined Petroleum ($416M), Computers ($316M), Cars ($264M), and Other Furniture ($180M). In August 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 August 2024 the exports of China were mainly from Guangdong Province ($1.33B), Jiangsu Province ($922M), Zhejiang Province ($837M), Shandong Province ($625M), and Fujian Province ($527M), while imports destinations were mainly Shanghai Province ($1.38B), Beijing ($1.24B), Shandong Province ($978M), Zhejiang Province ($903M), and Jiangsu Province ($874M).

Growth In August 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 ($-63.5M or -16.7%). In August 2024, the decrease in China's year-by-year imports  from Australia was explained primarily by an decrease in product imports  in Petroleum Gas ($-875M or -35.6%), Raw Nickel ($-119M or -63%), and Iron Ore ($-112M or -1.63%).