research / ACRI Facts

1. The annual value of Victoria’s goods exports to China is $4.2 billion.¹ This is –

1.9 times that to the U.S

2.2 times that to Japan

2.2 times that to New Zealand

 

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2. The value of Victoria’s goods exports to China increased by $2.0 billion in the past five years. This is –

4.1 times that to the U.S

5.5 times that to Japan

16.9 times that to New Zealand

 

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3. The annual value of Victoria’s agricultural exports to China is $3.0 billion.² This is –

3.6 times that to Japan

4.5 times that to the U.S

5.9 times that to New Zealand

 

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5. The annual value of Victoria’s manufactured goods exports to China is $325 million.⁴ This is –

0.3 times that to the U.S

0.3 times that to New Zealand

2.0 times that to Japan

 

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6. Education is Victoria’s largest export earner worth $4.5 billion.⁵ There are 28,442 Chinese students studying in Victorian universities.⁶ This compares with –

510 from the U.S

323 from Japan

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7. Personal tourism is Victoria’s second largest export earner worth $2.8 billion.⁷ There were 352,000 visitors from China in the past year.⁸ This compares with –

287,000 from New Zealand

151,000 from the U.S

39,000 from Japan

 

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8. Over the past five years Chinese investment in Victoria has totaled $7.0 billion.⁹ This compares with –

$13.2 billion for Queensland

$9.8 billion for Western Australia

$8.7 billion for New South Wales

 

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¹ As of September 2014. Source – Australian Bureau of Statistics (ABS)
² As of September 2014. SITC categories 0,1,2 (exc. 27, 28),4. Source – ABS 3 As of September 2014. SITC categories 27,28,3,68. Source – ABS
⁴ As of September 2014. SITC categories 5,6(exc. 68),7,8. Source – ABS
⁵ As of year-end 2013. The value of education services is larger than any SITC goods category at the two digit level and any other services category. Source - Department of Foreign Affairs and Trade (DFAT), ABS.
⁶ As of September 2014. Source – Australian Trade Commission
⁷ As of year-end 2013. The value of personal tourism services is larger than any SITC goods category at the two digit level and follows only education services. Source – DFAT, ABS.
⁸ As of July 2014. Source – Tourism and Events Queensland
⁹ The figures are for 2009-2013. Source – University of Sydney / KPMG.