Quick Answer: What Percentage Of Australia’S Exports Go To China?

Who buys the most from China?

China’s Top Trading PartnersUnited States: US$418.6 billion (16.8% of China’s total exports)Hong Kong: $279.6 billion (11.2%)Japan: $143.2 billion (5.7%)South Korea: $111 billion (4.4%)Vietnam: $98 billion (3.9%)Germany: $79.7 billion (3.2%)India: $74.9 billion (3%)Netherlands: $73.9 billion (3%)More items…•.

Can China economy collapse?

2020 could see the collapse of China’s financial system. The over $14 trillion Chinese economy—second largest in the world—is also set to be completely altered, with some experts saying the setback could be permanent.

What percentage of Australian exports go to China?

China is Australia’s biggest trading partner for both the export and import of goods. Figures 1 and 2 below shows the dominance of China, with 39% all goods exported in 2019-20 going to China, while 27% of all goods imported were from China.

How much food does Australia export to China?

The market Australia is China’s 6th largest supplier of food (behind the United States, Brazil, Canada, Argentina and Thailand) with exports valued at A$5.3 billion in 2016. The value of Australian exports of processed foods increased by an average more than 40 per cent between 2015 and 2016.

Does Australia import meat from China?

Xiamen Xiangyu said it imports about 20,000 tonnes of beef to China per month from Brazil, Argentina, Canada, the United States and Australia. Australia accounts for between 1000 to 2000 tonnes of its beef imports per month.

Does Australia import food from China?

Where does my food come from? Then there’s insights confirming what many of us always suspected: New Zealand is the major source of food brought into Australia, while Thailand, China and Vietnam dominate the importation of frozen and processed seafood to Australia. …

What does China export most?

List of exports of China#ProductValue1Computers210.2312Broadcasting equipment110.9793Telephones91.7594Office Machine Parts47.07926 more rows

How much does Australia export to China 2019?

Australia exports to China was US$103 Billion during 2019, according to the United Nations COMTRADE database on international trade.

What are Australia’s top 5 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)More items…•

Why does Australia rely on China?

China is Australia’s biggest trading partner mainly due to China’s strong demand for iron ore, coal and liquefied natural gas. … Many major Australian mining companies rely heavily on China and other growing big economies such as India for exports.

What country does Australia export to the most?

ChinaThe largest trading partnersRankCountry/DistrictExports1China136,2872Japan58,7963United States23,0984South Korea26,6467 more rows

What percentage of exports go to China?

Over the past several decades, Chinese trade has expanded at a breakneck pace. In 1995, the value of China’s imports and exports of goods totaled $280.9 billion or 3 percent of global trade. By 2018, its total trade in goods had jumped to $4.6 trillion or 12.4 percent of global trade.

What country owns most of Australia?

ChinaAggregating total freehold and leasehold foreign ownership interests, China and the UK hold the largest area of total Australian agricultural land (each with 2.4 per cent), followed by the Netherlands (0.7 per cent) and the US (0.6 per cent).

What is Australia’s biggest export to China?

Iron ore, gas and coal make up the bulk of Australian exports to China (more than AUD 79 billion), but Australian service industries – led by education and tourism – are a growing part of the trade relationship.

Does Australia import milk from China?

Australia imports some milk which makes up around 2% of the total volume of dairy product imports. In other cases, it is in bulk which is added to make new products that are destined for either the local or export market. …