The Australia-China Economic Relationship
October 02 2014
1. The annual value of Australia’s goods1 and services2 exports to China is $108 billion. This is –
2.1 times that to Japan
6.7 times that to the U.S.
10.5 times that to India
2. The value of Australia’s goods and services exports to China increased by $64 billion in the past five years. Exports to –
India fell by $8.1 billion
Japan fell by $4.7 billion
the U.S. fell by $1.3 billion
3. The annual value of Australia’s minerals and fuels exports to China is $68.8 billion.3 This is –
2.6 times that to Japan
10.8 times that to India
464 times that to the U.S.
4. The annual value of Australia’s agricultural exports to China is $9.2 billion.4 This is –
2.1 times that to Japan
3.9 times that to the U.S.
17 times that to India
5. The annual value of Australia’s manufactured goods exports to China is $4.6 billion.5 This is –
On par with that to the U.S.
2.5 times that to Japan
9 times that to India
6. Education is Australia’s third largest export earner.6 There are 117,656 Chinese students currently studying in Australia.7
This compares with –
42,119 from India
8,390 from Japan
6,265 from the U.S.
7. Tourism is Australia’s sixth larger export earner.8 There have been 759,800 visitor arrivals from China in the past year.9
This compares with –
528,100 from the U.S.
324,800 from Japan
184,900 from India
8. The annual value of net Chinese investment in Australia is $8.8 billion.10 This compares with –
$0.12 billion from India
$6.6 billion from Japan
$31.7 billion from the U.S.
1 As of June 2014. Source – Australian Bureau of Statistics (ABS)
2 As of year-end 2013. Source – Department of Foreign Affairs and Trade (DFAT)
3 The figure is for 2013. Source – DFAT
4 The figure is for 2013. Source – DFAT
5 As of year-end 2013. Source – DFAT
6 As of year-end 2013. Source – DFAT
7 As of June 2014. Source – Australia Education International
8 As of year-end 2013. Source – DFAT
9 As of June 2014. Source – Tourism Australia
10 The figure is for 2013. Source – ABS