Flag Australia / China Flag

2020
FlagFlag
Exports
: $102B, Rnk 1 / 211

2020
FlagFlag
Top Product
: $63.9B, Iron Ore

2020
FlagFlag
Exports
: $57.2B, Rnk 12 / 209

2020
FlagFlag
Top Product
: $4.35B, Computers

2020
Flag
Economic Complexity (ECI)
: ECI -0.31, Rnk 74 / 127

2020
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Economic Complexity (ECI)
: ECI 0.96, Rnk 28 / 127

2020
Flag  
GDP
: $1.33T, CURRENT US$
Rnk 13 / 195

2010-2020
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GDP GROWTH
: 15.7%, CURRENT US$
Rnk 128 / 195

2020
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 GDP
: $14.7T, CURRENT US$
Rnk 2 / 195

2010-2020
Flag
GDP GROWTH
: 142%, CURRENT US$
Rnk 5 / 195

2020
Flag
GDP PC 
: $51,693, CURRENT US$
Rnk 14 / 195

2010-2020
Flag
GDP PC GROWTH
: -0.76%, CURRENT US$
Rnk 142 / 195

2020
Flag
GDP PC
: $10,435, CURRENT US$
Rnk 68 / 195

2010-2020
Flag
GDP PC GROWTH
: 129%, CURRENT US$
Rnk 5 / 195

Australia-China In 2020, Australia exported $102B to China. The main products that Australia exported to China are Iron Ore ($63.9B), Petroleum Gas ($9.55B), and Coal Briquettes ($6.34B). During the last 25 years the exports of Australia to China have increased at an annualized rate of 16.5%, from $2.25B in 1995 to $102B in 2020.

In 2009, Australia exported services to China worth $4.11B, with Travel ($3.72B), Transportation ($170M), and Other business services ($119M) being the largest in terms of value.

China-Australia In 2020, China exported $57.2B to Australia . The main products that China exported to Australia were Computers ($4.35B), Broadcasting Equipment ($3.82B), and Refined Petroleum ($1.46B). During the last 25 years the exports of China to Australia have increased at an annualized rate of 13.3%, from $2.51B in 1995 to $57.2B in 2020.

In 2020, China did not export any services to Australia.

Comparison In 2020,  Australia ranked 74 in the Economic Complexity Index (ECI -0.31), and 22 in total exports ($250B). That same year, China ranked 28 in the Economic Complexity Index (ECI 0.96), and 1 in total exports ($2.65T).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Australia exported $102B to China. The main products exported from Australia to China were Iron Ore ($63.9B), Petroleum Gas ($9.55B), and Coal Briquettes ($6.34B). During the last 25 years the exports of Australia to China have increased at an annualized rate of 16.5%, from $2.25B in 1995 to $102B in 2020.

In 2020, China exported $57.2B to Australia. The main products exported from China to Australia were Computers ($4.35B), Broadcasting Equipment ($3.82B), and Refined Petroleum ($1.46B). During the last 25 years the exports of China to Australia have increased at an annualized rate of 13.3%, from $2.51B in 1995 to $57.2B in 2020.

Market Competitiveness

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Measure

Australia
Top Destination
: China, $102B

China
Top Destination
: United States, $438B

This map shows whether countries import more from Australia or China. Each country is colored based on the difference in imports they receive from Australia and China or the difference in the growth in imports.

In 2019, countries that imported more from Australia than China were Papua New Guinea ($1.13B), New Caledonia ($260M), and Nauru ($26.5M).

In 2019, countries that imported more from China than Australia were United States ($438B), Hong Kong ($262B), and Japan ($151B).

Comparative Advantage Australia - China

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Flow

This chart compares trade between Australia and China by product, considering products traded by both, Australia and China.

During 2020, Australia had a large net trade with China in the exports of Mineral Products ($85.9B), Animal Products ($3.24B), and Metals ($2.64B).

During 2020, China had a large net trade with Australia in the exports of N/A.

Bilateral Service Trade

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In 2009, Australia exported services to China worth $4.11B, with Travel ($3.72B), Transportation ($170M), and Other business services ($119M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Australia has comparative advantage over China. Similarly, the more yellow a dot/product is, the more China has comparative advantage over Australia.