China country brief | Australian Government Department of . . . China is Australia's largest two-way trading partner, accounting for 26 per cent of our goods and services trade with the world in 2023-24 Two-way trade with China increased 2 6 per cent in 2023-24, totalling $325 billion Our goods and services exports to China totalled $212 7 billion in 2023-24
Australia’s export future: Strengthening trade ties in a . . . Despite global trade tensions, China has remained a consistent and vital market for Australian exporters The Australia-China Free Trade Agreement (ChAFTA) provides Australian businesses with preferential access, ensuring that nearly all Australian goods enter China duty-free
Australia and China: Mutual benefits through trade . . . Australia was a leading proponent of the 11-nation Trans Pacific Partnership The TPP-11 provides for other countries, including China, to join if they are willing to meet its high standards
Australia’s Trade Relations with China: A Comprehensive . . . Export earnings from China boosted Australia’s GDP, employment and regional growth The mining industry grew rapidly because China could not acquire enough iron ore and coal In agriculture, China benefited from consuming Australian beef, dairy and wine Overall, China’s trade has contributed significantly to Australia’s economic prosperity
Australias trade with the US and China: Current dynamics and . . . Australia’s economy is heavily reliant on international trade, with the US and China accounting for a substantial share of its trade volume China remains Australia’s largest trading partner, while the US is a critical ally and a major source of investment and technology