Frequent question: Who is Australia’s largest trading partner?

Today, China is Australia’s largest trading partner in terms of both imports and exports.

Who are Australia’s top 10 trading partners?

Australia top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China 102,996 38.67
Japan 39,455 14.81
Korea, Rep. 17,464 6.56
United Kingdom 10,570 3.97

Who is Australia’s biggest trading partner 2020?

Australia’s Top Trading Partners

  • China: US$90.6 billion (43% of total Australian exports)
  • Japan: $19 billion (9%)
  • United States: $13.1 billion (6.2%)
  • South Korea: $13 billion (6.2%)
  • United Kingdom: $10.3 billion (4.9%)
  • India: $7.1 billion (3.4%)
  • New Zealand: $7 billion (3.3%)
  • Singapore: $5.5 billion (2.6%)

Who is Australia’s biggest import and export trading partners?

The most recent exports are led by Iron Ore ($67.5B), Coal Briquettes ($51.5B), Petroleum Gas ($34.1B), Gold ($25.4B), and Aluminium Oxide ($5.6B). The most common destination for the exports of Australia are China ($111B), Japan ($41.5B), South Korea ($18.9B), India ($15.3B), and United Kingdom ($10.6B).

Who is China biggest trading partner?

Top 15

  • United States: US$452.6 billion (17.5% of China’s total exports)
  • Hong Kong: $272.7 billion (10.5%)
  • Japan: $142.6 billion (5.5%)
  • Vietnam: $113.8 billion (4.4%)
  • South Korea: $112.5 billion (4.3%)
  • Germany: $86.8 billion (3.4%)
  • Netherlands: $79 billion (3%)
  • United Kingdom: $72.6 billion (2.8%)
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Who is our biggest trade partner?

List of the largest trading partners of the United States

Rank Country/District Total Trade
World 3,888,236
European Union 717,902
1 China 635,364
2 Canada 581,584

What is Australia’s biggest export 2020?

Australia’s biggest export products by value in 2020 were iron, coal, petroleum gases, gold and aluminum. In aggregate, those major exports account for 63.1% of overall exports sales from Australia. That relatively large percentage suggests a concentrated range of exported goods.

What 5 countries do we import the most from?

The United States imports half of its total volume from five countries: China, Canada, Mexico, Japan, and Germany. Although the United States can manufacture goods it imports, these exporting countries have the comparative advantage over it.

Who are Australia’s top 3 trading partners?

The largest trading partners

Rank Country/District Total Trade
1 China 214,672
2 Japan 81,276
3 European Union 60,574
4 United States 44,546

Why is China Australia’s biggest trading partner?

China is Australia’s biggest trading partner mainly due to China’s strong demand for iron ore, coal and liquefied natural gas. Exports to China helped Australia escape the worst effects of the global financial crisis.

What are Australia’s top 3 imports?

Australia’s Top Ten Imports

  • #1 Machinery (AUD$46.2 billion) …
  • #2 Mineral fuels (AUD$43.9 billion) …
  • #3 Vehicles (AUD$43.6 billion) …
  • #4 Electrical machinery and equipment (AUD$37.1 billion) …
  • #5 Medical/technical equipment (AUD$12 billion) …
  • #6 Pharmaceuticals (AUD$11.8 billion) …
  • #7 Gems and precious metals (AUD$9.5 billion)

Who is Japan’s biggest trading partner?

List of the largest trading partners of Japan

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Rank Country/District Total Trade
World 1,368.1
1 China 296.907
ASEAN 208.492
2 United States 206.633

Who is Irelands biggest trading partner?

Ireland’s Top Trading Partners

  • United States: US$53.8 billion (30.1% of Ireland’s total exports)
  • Belgium: $20.4 billion (11.4%)
  • Germany: $19.9 billion (11.1%)
  • United Kingdom: $16.5 billion (9.3%)
  • China: $11.2 billion (6.3%)
  • Netherlands: $9.7 billion (5.4%)
  • France: $5.8 billion (3.2%)
  • Italy: $5.2 billion (2.9%)

Who is China’s biggest ally?

China Creates a Network of Its Own

Today, China has only one formal ally—North Korea, with whom it shares a mutual defense treaty. But it has dozens of official partnerships with states around the world.