• Posted on 12 Jun 2018
  • 3-minute read
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James Laurenceson

James Laurenceson, Deputy Director, Australia-China Relations Institute, University of Technology Sydney

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1. Over the past year the value of NSW goods exports to China is $8.1 billion. This is a record high.  China accounts for 17.4 percent of NSW total goods exports, and is:[1]

  • 0.7 times that to Japan;
  • 2.1 times that to Korea; and
  • 3.0 times that to the US.

2. The annual value of NSW goods exports to China increased by $1.8 billion in the past five years.  During the same period NSW goods exports to:[2]

  • Japan increased by $1.7 billion;
  • Korea increased by $0.8 billion; and
  • the US increased by 0.8 billion.

3. The annual value of NSW agriculture, forestry and fishing exports to China is $1.1 billion. This compares with:[3]

  • $62.7 million to Japan;
  • $31.8 million to Korea; and
  • $7.9 million to the US

4. The annual value of NSW mining exports to China is $3.5 billion. This compares with:[4]

  • $9.1 billion to Japan;
  • $2.2 billion to Korea; and
  • $1.0 million to the US.

5. The annual value of NSW manufacturing exports to China is $3.1 billion. This compares with:[5]

  • $1.5 billion to Japan;
  • $1.0 billion to Korea; and
  • $2.6 billion to the US.

6. Services exports are a major income earner for NSW – worth $35.7 billion in 2017. Topping the list are education and tourism.[6] There are currently 69,407 Chinese nationals studying in NSW.  This is 38.0 percent of all Chinese students in Australia, and compares with:[7]

  • 2,812 from Japan;
  • 8,623 from Korea; and
  • 3,247 from the US.

7. NSW had 776,000 visitors from China in 2017. This compares with:[8]

  • 166,000 from Japan;
  • 221,000 from Korea; and
  • 457,000 from the US.

While accounting for 18.7 percent of visitors to NSW, those from China accounted for 31 percent of total visitor expenditure.[9] 

8. Chinese investment in NSW in 2017 totalled $5.6 billion. This was 42 percent of all Chinese investment in Australia.[10]

Endnotes

[1] Australian Bureau of Statistics, April 2018 <>http://stat.data.abs.gov.au>.

[2] Ibid.

[3] Ibid.

[4] Ibid.

[5] Ibid.

[6] Australian Bureau of Statistics, ‘International Trade: Supplementary Information, Calendar Year, 2017’, May 25 2018 <>http://www.abs.gov.au/ausstats/abs@.nsf/mf/5368.0.55.004>.

[7] Department of Education and Training, March 2018 <>https://internationaleducation.gov.au/research/International-Student-Data/Pages/default.aspx>.

[8]     Destination NSW, ‘International travel to NSW year ended December 2017’, 2018 <>https://www.destinationnsw.com.au/wp-content/uploads/2018/03/nsw-international-travel-snapshot-dec-17.pdf>.

[9]     Destination NSW, ‘NSW international visitation year ending December 2017 <>https://www.destinationnsw.com.au/wp-content/uploads/2018/04/nsw-international-visitation-infographic-dec-17.pdf>.

[10]    Figures include investment deals over $5 million and exclude residential real estate, Source: KPMG and the University of Sydney, ‘Demystifying Chinese investment in Australia’, 2018 <>http://demystifyingchina.com.au/>.

Author

Professor James Laurenceson, Deputy Director, Australia-China Relations Institute, University of Technology Sydney

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