Australia’s main imports from China are manufactured goods, which were worth more than AUD 21 billion in 2018 and is led by telecommunication equipment, IT products, furniture and homewares. The entry into force of the free trade agreement in 2015 was set to broaden and deepen the trade relationship.
What are our major imports from China?
The top import categories (2-digit HS) in 2020 were: electrical machinery ($111 billion), machinery ($97 billion), toys and sports equipment ($26 billion), furniture and bedding ($23 billion), and miscellaneous textile articles ($21 billion).
What food does Australia import from China?
seafood (particularly saltwater shell fish such as oysters, crabs, lobster and abalone) fresh fruits (citrus, table grapes, cherries and mangoes) oats and other breakfast cereals. chilled and frozen beef.
What are Australia’s main imports?
Here’s a List of Australia’s Top Imports and Values:
- Processed Petroleum Oils—$18.9 billion.
- Cars—$16.9 billion.
- Crude oil—$10.2 billion.
- Phone system devices including smartphones—$8.5 billion.
- Delivery trucks—$7.5 billion.
- Computers and optical readers—$7.2 billion.
- Pharmaceuticals—$5.3 billion.
- Gold (unwrought)—$4.6 billion.
How much of Australia’s imports are from China?
Ninety per cent of Australia’s merchandise imports are from China and, of those, 90% are elaborately-transformed manufactures.
What has China stopped buying from Australia?
China’s government has hit several Australian industries with economic sanctions, imposing hefty tariffs on Australian barley and wine exports while throwing up barriers to several other products including timber, lobster and coal. But it has typically not framed these decisions as acts of political retaliation.
What would happen if China stopped trade with Australia?
“First, it would mean too big a disruption to the Chinese economy.” Iron ore imports from Australia are worth $85 billion annually, and so far, the agricultural imports hit by China’s tariffs and bans are worth just $6 billion, he said. “China would not be able to make up its iron ore needs from other sources.”
Why is China the most important trade partner for Australia?
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 10 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$9.5 billion)
What is the biggest import from China?
Searchable List of China’s Most Valuable Import Products
|Rank||China’s Import Product||2020 Value (US$)|
|3||Iron ores, concentrates||$118,944,291,000|
What fruits are imported from China?
The top nine fruits in order of import value were fresh durians, cherries, bananas, mangosteens, fresh grapes, dragon fruit, longans, kiwifruit and oranges (fresh and dried).
What are Australia’s major imports 2021?
Biggest Importing Industries in Australia in 2021
- Motor Vehicle Manufacturing in Australia. …
- Petroleum Refining and Petroleum Fuel Manufacturing in Australia. …
- Pharmaceutical Product Manufacturing in Australia. …
- Communication Equipment Manufacturing in Australia.
What are the five main countries Australia imports from?
Imports The top imports of Australia are Refined Petroleum ($16.8B), Cars ($15.8B), Crude Petroleum ($7.9B), Broadcasting Equipment ($6.37B), and Delivery Trucks ($5.84B), importing mostly from China ($52.7B), United States ($24.9B), Japan ($14.9B), Germany ($10.4B), and Thailand ($10B).
What are China’s biggest exports?
List of exports of China
|4||Office Machine Parts||47.079|