Trade with China Hits $100 billion

Media release from the Australian Department of Foreign Affairs and Trade

29 June 2011

China was Australia's largest two-way trading partner, export market and import source in 2010, with total trade growing 23.6 per cent to over $100 billion for the first time, according to a Department of Foreign Affairs and Trade publication, Composition of Trade 2010, released today.

The publication showed Australia's exports increased 13.9 per cent to $284.6 billion, while imports rose by 5.4 per cent to $267.8 billion.

Other highlights include:

This year's Composition of Trade also contains analysis of Australia's international trade in gold. Gold has been one of Australia's major exports since the 1970s, valued at $15.0 billion in 2010.

The report is part of a series published each year by DFAT, providing an account of Australia's international trade in goods and services. DFAT also offers a customised consultancy service, producing reports tailored to specific requirements. For further information please contact (02) 6261 3047, or fax (02) 6261 3321 or email statssection@dfat.gov.au

The analyses and tables from the publications are available without charge on the DFAT website: http://www.dfat.gov.au/publications/stats-pubs/composition_trade.html.