Australia-China relations are characterised by strong trade bonds. China is Australia’s largest trading partner, while Australia is a leading source of resources for China. More recent trends show that Australian exports are now expanding well beyond the resource sector. Politically the relationship has had its ups and downs.

14 Feb 2018 China Australia trade was worth US$129bn last year, an increase of 16 percent Annual trade volume between China and Australia has seen  China is Australia's largest two-way trading partner in goods and services, accounting for 26 per cent of our trade with the world. Two-way trade reached a record $235 billion in 2018–19 (up 20.5 per cent year on year). China remained Australia's largest two-way trading partner, export market and import source Japan overtaking the US market as Australia's second largest trading partner, valued at $72 billion, up 17% on last year (9.4% of total trade) Forty years ago, two-way trade was less than $100 million. Now it is more than $100 billion. Cooperation on climate change issues is an important part of the bilateral relationship. Since concluding a joint statement on closer cooperation in 2008, Australia and China have held two annual Ministerial Dialogues on Climate Change.

10 Apr 2019 The second and interrelated section considers Australia's response, drawing on In 2018, trade turnover between Russia and China was worth an of ASEAN ' s top three trading partners, with a two-way trade amounting to 

Forty years ago, two-way trade was less than $100 million. Now it is more than $100 billion. Cooperation on climate change issues is an important part of the bilateral relationship. Since concluding a joint statement on closer cooperation in 2008, Australia and China have held two annual Ministerial Dialogues on Climate Change. Twenty-five per cent of Australia's manufactured imports come from China; 13% of its exports are thermal coal to China. A two-way investment relationship is also developing. As China moves into its next phase of development, its demand will shift from raw materials to elaborately transformed manufactures, services, and expertise. Australia's two way trade in goods and services grew at a strong but more moderate pace in 2017‑18, compared to 2016-17. Two-way trade expanded by 8.4 per cent to $798.6 billion, up from $736.6 billion in 2016-17, to reach a new record high. World War II disrupted trade between Australia and China. In the post-war decades, wool became an important Australian commodity imported by China. From the 1960s, however, agricultural shortages in China led to heavy imports of Australian wheat.

This extract is featured in Australian Foreign Affairs 7: China Dependence. Nasty, racially tinged spats between rival swimming stars. and cold-shouldered Australian business, two-way trade went up year-on-year by more than 17 per cent, 

Australia's two way trade in goods and services grew at a strong but more moderate pace in 2017‑18, compared to 2016-17. Two-way trade expanded by 8.4 per cent to $798.6 billion, up from $736.6 billion in 2016-17, to reach a new record high. World War II disrupted trade between Australia and China. In the post-war decades, wool became an important Australian commodity imported by China. From the 1960s, however, agricultural shortages in China led to heavy imports of Australian wheat. Australia-China relations are characterised by strong trade bonds. China is Australia’s largest trading partner, while Australia is a leading source of resources for China. More recent trends show that Australian exports are now expanding well beyond the resource sector. Politically the relationship has had its ups and downs. The China-Australia Free Trade Agreement has been in force since December 2015. Based on 2014 values, more than 86% of Australian goods exports to China now enter duty free. Based on 2014 values, more than 86% of Australian goods exports to China now enter duty free.

China is Australia’s largest trade partner by a long shot, well ahead of the US and Japan. Tourism: There were fewer than 500 Chinese tourists who made the trip to Australia in 1972; in 2016 it

31 Jan 2020 Our researchers explore innovative ways to conduct surveys, increase For a full list of all trading partners and their rankings, see supplemental exhibit 4 in Rank, Country, Exports, Imports, Total Trade, Percent of Total Trade 3, China, 7.2, 33.3, 40.5, 12.4%. 4, Japan, 5.5, 10.4, 15.9, 4.9% 7, Australia

Forty years ago, two-way trade was less than $100 million. Now it is more than $100 billion. Cooperation on climate change issues is an important part of the bilateral relationship. Since concluding a joint statement on closer cooperation in 2008, Australia and China have held two annual Ministerial Dialogues on Climate Change.

Trade and Investment. The Australian and Chinese economies are strongly complementary. As a result, our trade and investment relationship is substantial and has developed well beyond its modest beginnings in the 1970s. According to Australian statistics, two-way merchandise trade has grown from A$113 million in 1973,

31 Jan 2020 Our researchers explore innovative ways to conduct surveys, increase For a full list of all trading partners and their rankings, see supplemental exhibit 4 in Rank, Country, Exports, Imports, Total Trade, Percent of Total Trade 3, China, 7.2, 33.3, 40.5, 12.4%. 4, Japan, 5.5, 10.4, 15.9, 4.9% 7, Australia 31 Jul 2017 The total value of Australian imports and exports to and from China is more than double that of the US, our next biggest trading partner. At $155