This article takes a look at the country’s top two-way trade partners, which takes into account both imports and exports. Australian Trade Partners is a major wholesale provider in the Australian Beverage industry, with an extensive sales and promotion team situated within each of the sates, providing the personal touch whilst servicing the major retail chains and the small independent customers. It shows that despite some volatility, traderepresented a reasonably steady proportion of GDP throughout the 1960s and1970s, increasing a… Australia’s principal imports from the US include: cars ($2 billion), medical instruments ($913 million), packaged medicines ($912 million), telephones ($545 million), and computers ($543 million). 2018. Until the 1960s, Britain and the United States were Australia's main trading partners. Australia’s biggest two-way trade partner is China. Updated January 15, 2019 13:27:54 China is by far Australia's largest trading partner, contributing $194.6 billion worth of imports and exports. Australia exported $18.5 billion worth of goods to the US and imported $41.9 billion, giving Australia a $23.4 billion negative trade balance. … In 2018, Australia major trading partner countries for exports were China, Japan, Korea, Rep., India and United States and for imports they were China, United States, Japan, Germany and Thailand . China, Japan, the United States and the Republic of Korea … In 2014, this country was considered the 21st largest export economy in the world. These figures make the US Australia’s fourth largest export partner and second largest import partner. The largest percentage of these exports includes the following products: frozen bovine meat ($1.53 billion), sheep and goat meat ($576 million), aircraft parts ($515 million), bovine meat ($502 million), and wine ($435 million). The numbers show that of Australia’s top 5 trading partners, China and the UK are the only two countries for which two-way trade has increased in each of the last three years. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window), Australia’s Top 10 Major Export Companies, China: US$89.2 billion (32.7% of total Australian exports), United States: -US$15.1 billion (country-specific trade deficit in 2019), China: US$34.6 billion (country-specific trade surplus in 2019), Cotton Tree Trading Pty Ltd (dairy products), Harts Food And Beverages PL (coconut water), Logreen Pty Ltd (food additives, vanilla beans), Metabolic Food Company (breakfast cereal blends), Rasile Global Importers P/L (food, beverages), Waverley Australia Pty Ltd (blankets, rugs, quilts). Our founding director, Leon Wolman, has had over 40 years experience in the domestic and export wine industry markets. Its exports to China are valued at $98.2 billion and its imports from China are worth $54.3 billion. The principal imports include: computers ($5.06 billion), broadcasting equipment ($2.96 billion), telephones ($1.43 billion), other furniture ($966 million), and seats ($814 million). In 2017, close to a quarter of Australia’s two-way trade was with China. This is a list of the largest trading partners of Australia. Imports in Australia is expected to be 34100.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. The economy of Australia is the 12th largest economy in the world by nominal gross domestic product (GDP), which in 2015 was $1.62 trillion. Approximately 4.1% of its total exports go to the US and 11% of its imports originate there. Australia's top trading partners. Australia exported $18.5 billion worth of goods to the US and imported $41.9 billion, giving Australia a $23.4 billion negative trade balance. The relationship between China and Australia has grown considerably over the years. China has just joined forces with more than a dozen countries across the Asia Pacific region to sign a huge free trade deal nearly a decade in the making. The largest percentage of these exports includes the following products: iron ore ($46 billion), coal briquettes ($7.74 billion), gold ($6.34 billion), crude petroleum ($1.89 billion), and refined copper ($1.88 billion). The data shows who Australia’s biggest trading partners are and how much their business is worth to the economy. Australia’s trade statistics at a glance Use the interactive map link below to explore Australia's trading relationship with the world. Figure 1 shows exports and imports on aBalance of Payments basis since 1959 and Australia’s trade balance over theperiod (the difference between Australian exports and imports in a quarter). Among Australia’s trading partners that generate the greatest positive trade balances, Australian surpluses with China (up 80.9%), Philippines (up 40.2%) and South Korea (up 36.2%) grew at the fastest pace from 2018 to 2019. HS Code Export USD$ (26) Ores: $76,156,445,776 (27) Oil & Mineral Fuels: $50,418,571,239 Both countries are actively engaged economically, culturally and politically which spans numerous organizations such as APEC, East Asia Summit and the G20. Australia exported $50.2 billion worth of goods to Japan in 2014 and imported $20 billion, giving Australia a $30.3 billion positive trade balance. The US is Australia’s third biggest trading partner. Sorry, your blog cannot share posts by email. The largest percentage of these exports includes the following products: petroleum gas ($14.4 billion), coal briquettes ($10.7 billion), iron ore ($7.58 billion), copper ore ($1.41 billion), and crude petroleum ($925 million). Coal briquettes top the exports list while refined petroleum is the most imported product. The majority of exports to Japan were raw material inputs for its rapidly growing industrial sector and for its rising energy needs. Meanwhile, Japan, China, Singapore and Hong Kong have emerged as significant sources of foreign direct investment (FDI) into Australia. Trade Partners Homepage. The US is Australia’s third biggest trading partner. These figures make the US Australia’s fourth largest export partner and second largest import partner. Australian Trade Partners is a family owned and operated business that has been established for the past ten years. The two-way trade between these countries was valued at $60.4 billion in 2014. Over three-quarters (77.9%) of Austrian exports in 2019 were delivered to the above 15 trade partners. Approximately 34% of Australia’s total exports go to China. The most common import partners for Australia are China ($52.7B), United States ($22.2B), Japan ($16.6B), Germany ($11.9B), and Thailand ($11.1B). It's giant Asian neighbour is easily Australia's most important trading partner, and has been since 2007 when it overtook Japan. Australian Trade Partners prides itself on working with an excellent sales team who distribute our products. In return, approximately 21% of the imports that Australia receives originate in China. Approximately 4.1% of its total exports go to the US and 11% of its imports originate there. Australia Trade Statistics. For the past decade, China has been Australia's largest trading partner and now accounts for 32.6% of its exports. Contents. Log in. China is Australia’s biggest trade partner, while Japan and the United States are among the country’s top 5 partners for both exports and imports. China is Australia's largest trading partner, and has invested in Australian mining companies. Australia needs China more than China needs Australia, and playing with our trade … Article 207 of the Treaty on the Functioning of the European Union (TFEU) establishes the common commercial policy as an exclusive competence of the European Union. Today the emphasis of Australia's trade has shifted to Asia, with four out of five of Australia's top trading partners located there. From the Chinese side of things, Australia is still reasonably important - it is China’s seventh largest trading partner. Merchandise Trade summary statistics for Australia (AUS) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year 2000 In fact, in April of 2014, the governments of Australia and Japan signed a free trade agreement after nearly a decade of negotiations. The fastest growers from 2018 to 2019 among top consumers of Austria’s exports were Slovakia (up 100.3%), Belgium (up 33.1%), Poland (up 8.7%), China (up 7.7%) and Hungary (up 7.1%). A dose of economic reality: Australia without China is a smaller, poorer place. This guide gives you an overview of Australia’s economy, including the country’s primary imports and exports. According to data obtained in the … Approximately 18% of its total exports go to Japan and 7% of its imports originate there. The two countries shared a $70.2 billion trade value in 2014. Looking forward, we estimate Imports in Australia to stand at 35500.00 in 12 months time. A complete list of Australia’s top 10 biggest trading partners can be found in the chart published below. All maps, graphics, flags, photos and original descriptions © 2020 worldatlas.com, The 20 Biggest Trade Partners Of The United States, The World’s Largest Oil Reserves By Country, Top Cotton Producing Countries In The World. Australia ranked as the 19th-largest trade in goods partner of the EU, while the EU represented Australia's 3rd-largest trading partner in 2018, after China and Japan and before the US. When broken down, this makes Japan the second largest export partner and the third largest import partner. The largest percentage of these exports includes th… The composition of Australia's exports has largely remained the same, but new markets (including more recently South America and the Middle East) have been sought. Twelve economies out of Australia’s top 15 trading partners are now in the region. By Amber Pariona on November 4 2019 in Economics. One way of visualising the importance of trade tothe Australian economy over time is by looking at the proportion of Gross DomesticProduct (GDP) represented by trade. Australia participates in trade with a number of countries around the world. Australia’s principal imports from Japan include: cars ($5.32 billion), refined petroleum ($2.37 billion), delivery trucks ($1.15 billion), other large pipes ($562 million), and rubber tires ($499 million). Japan, Singapore, other Southeast Asian countries, and the United States have all become important Australian trading partners. The two-way trade between these countries was valued at $60.4 billion in 2014. In addition, Australia went from a -$1.8 billion deficit trading with the UK in 2018 to a $5.4 billion surplus for 2019. These economies’ stock of FDI in Australia has grown (CAGR) by 11% per year between 2011 and 2017, to A$186 billion. This agreement was the first of its kind between Japan and a major agricultural exporting country. Australia's relations with its biggest trading partner are at their lowest point in decades. Japan is listed as the second largest trade partner of Australia. 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