Updated January 15 2019 132754 China is by far Australias largest trading partner contributing 1946 billion worth of imports and exports. Here are Australias top ten two-way trade partners.
East Asia is the major source of imports for Australia with China and Japan accounting for the majority of imported goods.
Australia's major trading partners. The largest trading partners. Australias unemployment rate was 66 at December 2020 up from an average 5144 for 2020 according to the International Monetary Fund. Coal briquettes top the exports list while refined.
Among Australias trading partners that generate the greatest positive trade balances Australian surpluses with China up 809 Philippines up 402 and South Korea up 362 grew at the fastest pace from 2018 to 2019. The ten largest trading partners of Australia with their total trade sum of imports and exports in millions of Australian dollars and the total trade for all countries for the 2018 calendar year were as follows. As seen in the table below from Australias Department of Foreign Affairs and Trade two-way trade.
Explore Visualizations undo Reset visualizations. Australias major trade partners in 2010 are shown in the graphs below. Is the third largest import source for Australia.
The USA is currently Australias major source of imports. The United Kingdom is Australias number one trading partner in 1901. Nine of Australias ten major trading partners are members of APEC.
Historically Australias largest trading partners were Great Britain and the rest of Europe. See also Australias Top 10 Imports Australias Top Trading Partners and Australias Top 10 Major Export Companies Research Sources. As graph 3030 shows through the century the share of Australias total imports coming from the USA trended upwards until 1930s and then fell back in the last years of World War II.
Australias Major Trading Partners Can encourage production in countries with lower labor standards The welfare of people is ignored or jeopardized for the sake of profit Domestic job losses Trading Partners is when a country or company that another country or company does. Major exports include iron ore coal and gold. In 2012 Australias major trading partners were as follows.
The most common import partners for Australia are China 527B United States 222B Japan 166B Germany 119B and Thailand 111B. China is Australias biggest trade partner while Japan and the United States are among the countrys top 5 partners for both exports and imports. Australias top trading partners.
Australias capital city is Canberra. Japan relies on Australia for its minerals food and energy whilst it is also one of the most important sources of investment for the Australian economy. China Japan and the United States are the three biggest trade partners of Australia.
While the data sets vary between each of the seven tabs the functionality remains the same. Since 2008 export values have continued to increase by 10 each year. The largest trade deal in history a pact accounting for 30 per cent of the global economy is signed by 15 countries including Australia China Japan and Indonesia.
The chart below shows Australias import sources. Australias trade statistics at a glance Use the interactive map link below to explore Australias trading relationship with the world. This historical trading relationship reflected Australias colonization by Great Britain and the British need for new markets for manufactured goods as well as sources of raw materials.
The latest figures also show the country is the 24th largest exporter and importer in the world with a positive trade balance of 287 billion. The UK now ranks sixth. Total trade with the United Kingdom is five times greater than that of Australias second largest trading partner the United States.
And when it comes to Australias largest trade partners no other nation compares to China. Japan is vital to Australias economic and strategic interests and has been a close major trading partner since after the Second World War with the ratification of the 1957 Commence Agreement. Its giant Asian neighbour is easily Australias most important trading partner and has been since 2007 when it overtook Japan.