The Australia-China Economic Relationship

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1. The annual value of Australia’s goods[1] and services[2] 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.

Endnotes

[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