What Products Does Australia Import From China? - Goods And Services Data

Source: DHgate, Tag: Dropshipping

In Australia, China is the largest trade partner in Asia. But what products does Australia import from China?

• China has long been the main source of a famous variety of products and services imported by Australia. In 2022, China is projected to remain one of the leading sources of imports.
  Goods and services trade data is a very helpful statistical source for trade experts and first-time traders. It provides a more accurate picture of the import and export market between countries. It does tell us much about what products are traded, as well as how much money is spent on trading them.

• Thus, the correct data of what products does Australia import from china is a reflection of the past and current state of our economy. With this kind of information, it becomes easier to speculate and predict what is likely to happen to the economy of the two trading partners – Australia and China.
  But what products are imported by Australia from China? That's the question we are going to answer in this article after analyzing what goods and services data tells us.
  A Rich Trading History
  Well, let's start by looking at some statistics about the two countries' trade relationships. Australia and China have a trading relationship that dates back to 1818, and today, Australia is one of China's largest trading partners. According to the Australian Trade Commission, in 2012-13, two-way trade between the two countries was worth $114 billion. The figures from the United Nations' COMTRADE database on international trade show that in 2016, 6.7% of all Australian imports came from China.
  Australian imports from China started growing at a fast rate in the 1990s, and this trend has continued to date. The bilateral trade volume between the two countries reached $148 billion in 2019, among which exports amounted to more than $100 billion and imports accounted for $48 billion.
  Australia is a great market for Chinese products. It is a free trade market and has a well-developed infrastructure.
  And the most important point is that China and Australia have signed a Free Trade Agreement (FHA) in 2015. The FTA agreement has helped both countries to expand their trade relations.
  After the FTA, Australia removed import tariffs on many Chinese products. This has also helped to increase imports from China to Australia.
  Ashe two nations continue to enjoy a very close relationship when it comes to trade. In 2019, China was Australia's biggest trading partner in terms of total exports and imports; it accounted for 9.3 percent of all Australian exports, and 14.4 percent of all imports into the country.
  In fact, the trade between the two countries has been growing steadily over the past decade. In 2010, their total trade was valued at $90 billion; now it's worth a staggering $180 billion (no wonder they're so close).
  It seems as though there is an endless list of products that can be imported from china to Australia. Some of them include electronics, machinery, electrical equipment, and medical devices. There are also China goods import coming from Australia. China is among the leading importers of Australian items. Some of these products include coal, iron ore imports, Aluminium Oxide, and Foodstuffs including meat, dairy, fresh fruit, and vegetables.
  The good trade relationship provides a good environment for businessmen in China to thrive as they can easily import Australian products into the country without unnecessary restrictions.
  Main Factoids
  There are three factoids I need to mention before plunging into specifics regarding the question – what products does Australia import from china
  Australia has close economic ties with all countries of the world. As a result, it exports and imports goods and services to every continent. The United States, Japan, Singapore, South Korea, the Netherlands, and New Zealand are the country's most important trading partners. But China is also a major player on this list, as will become evident later in this write-up.
  The second factoid is that Australia is an affluent nation with a high standard of living. It's also a developed market economy with one of the highest per-capita incomes in the world as well as high life expectancy rates. Australia has a diverse economy whose growth relies on mining and agriculture as well as services like education, health care, finance, tourism, and real estate.
  Thirdly, it's worth mentioning that there are free trade agreements between Australia and New Zealand (ANZCERTA), Singapore (AUSFTA), the United States (AUSFTA), Japan (JAEPA), Chile (ACSTPA), Thailand (TAFTA), and Malaysia (MAFTA).
  Australia Imports from China
  China is Australia's largest trading partner by far. The two countries' bilateral relationship has been described as a "comprehensive strategic partnership" by both sides. The trade relationship between China and Australia is strong.
  In 2020, Australia's total trade (imports and exports) was $527 billion according to Trading Economics. In 2019, Australia's imports from China were $75 billion (see table 1). That is about 15% of total imports for that year.
  For 2020 as seen from the table above, total imports were down 16% due to COVID lockdowns and Australia's trade war with China. But the share of total imports from China did not change much (14.1% in 2020 vs 14.5% in 2019).
  Good and Service Data from the Australian Bureau of Statistics (ABS)
  Australia and China have a very interesting trading relationship. According to the Australian Bureau of Statistics (ABS), Australia was China's third-largest import source and second-largest export destination.
  Some of the top products Australia imports from China are consumer electronics, clothing, and furniture.
  According to data from the Australian Bureau of Statistics (ABS), the following are some of the top products Australia imports from China:

  • Computers, Printers, and Peripherals: $4,853 million (2021)

  • Machinery Specialized for Specific Industries: $4,166 million (2021)

  • Telecommunications Equipment and Parts Thereof: $3,718 million (2021)

  • Household Appliances: $2,962 million (2021)

• China including Hong Kong accounted for 16% of Australia’s total imports in 2021. In terms of value, Chinese exports to Australia totalled about $6.17 billion in March 2021. The figure has been on a continuous rise since early 2020.
  Top import goods – The United Nations COMTRADE database
  In this section, we dwell on what products does Australia import from China. We also provide the exact value in US dollars to give you a clear picture. So, if you plan to import from China or wondering what products does Australia import from China, we have you covered. Here we cover the latest products imported from China as compiled by the United Nations COMTRADE.
  In the past decade, Australia has imported more and more from China, reaching $61.05 billion in imports from China by 2020. This is according to the United Nations COMTRADE database on international trade.

  • Electrical, Electronic Equipment – $13.10 billion

• In 2020, China was the second most important supplier of goods and services to Australia after the United States. Australia's imports from China that year were $61.05 billion and the largest categories were electrical, electronic equipment ($13.0 billion).

  • Machinery, nuclear reactors, boilers – $11.49 billion

• The next major import from China to Australia is machinery, nuclear reactors, boilers. It accounted for 12 per cent of total Chinese exports in 2020. The value of these products increased by 23 per cent over the year to be valued at $13.3 billion in 2020.
  According to the latest data about goods and services trade for 2021, Australia imports machinery, nuclear reactors, and boilers from China is worth $11.49 billion annually. This could be considered as the second most important and valuable product imported by Australia from China.

  • Furniture, Lighting, Signs, Prefabricated Buildings – $3.63 billion

• Not surprisingly, Australia imports most of the furniture and lighting it consumes from China. However, the country also imports prefabricated buildings from China, which can be assembled quickly for residential construction.
  Figures from the United Nations' COMTRADE database on international trade show that Furniture, Lighting, Signs, Prefabricated Buildings are some of the top imports of China. In 2020 alone, China imported Furniture, Lighting, Signs, and Prefabricated Buildings worth USD 3.63 billion.

  • Plastics – $2.70 billion

• Australia imported $2.7 billion worth of plastics from China in 2020, making it the fourth-largest import category for Chinese goods. In 2019, China had a 20% share in the Australian plastics market. The most common type of plastic items that Australians import from China include furniture, electrical systems, and pipes.

  • Articles of Steel or Iron - $2.39 billion

• Australia is among the most active importers in the world. For example, in 2020, the country imported US$2.39 billion worth of goods that fell into the category of steel and iron.

  • Toys, games, sports requisites -$2.13 billion

• The country imports toys and sports requisites from China at a value of more than $2 billion annually. In 2020, toys, games, and sports requisites worth $2.13 billion were imported. These include balls, balloons, swimming pools, paddling pools, as well as other toys. It also includes articles for funfair, table or parlour games, including pintables, billiards, special tables for casino games, and automatic bowling alley equipment.
  DHgate – The Most Preferred Platform by Australian Importers
  Australian importers know just how important it is to source reliable Chinese suppliers, buy high-quality goods at the lowest possible prices, and securely pay for the items without the risk of losing money or exposing personal information to prying eyes. It is no wonder they prefer using DHgate.com because the platform guarantees all these and much more.
  Yes, DHgate is a leading online marketplace for global trade, which is headquartered in Beijing. It provides services to small and medium-sized businesses from all over the world to buy and sell quality products online. It is the best place to start if you want to import from China.
  Some of the major advantages DHgate offers are:

  • A secure platform with thousands of Suppliers in China selling 100s of thousands of products that can be imported into Australia

  • Secure Escrow System with Buyer Protection

  • Generally, lower prices than wholesale markets in China such as Yiwu or Guangzhou

  • B2B and B2C products (wholesale and retail) available. A wide range of products from Fashion to Electronics & Gadgets to Home & Garden and many more

  • 100% shipment tracking for all items shipped via DHL, EMS and FedEx (some other shipping methods may not offer to truck)

  • Premium Membership options available with more benefits such as bigger discounts, greater buyer protection, and more.

• Frequently Asked Questions
  What Products does Australia Import from China?
  The main products imported from China into Australia are electrical and electric equipment, clothing and textiles, communications equipment and parts, furniture, toys, and games.
  What is a Free Trade Agreement (FTA)?
  An FTA is a legally binding agreement between two or more countries that improve market access for goods and services, investments, and government procurement opportunities for companies based in the countries that are parties to the agreement.
  How can I obtain the Goods and Services Data?
  Goods and Services, Australia (cat. no. 5368.0) is released quarterly and contains detailed tables that provide different perspectives on Australian exports by country of origin and major commodity source. It also includes a summary table which shows the level of imports from China as well as other countries in a format similar to that used in International Trade in Goods and Services, Australia (cat. no. 5368.0).
  What Payment Options do Chinese Suppliers Accept?
  Payment options accepted by Chinese suppliers vary. Most will accept payment via T/T, L/C, and PayPal. Some may also accept Western Union, MoneyGram, and other payment methods.
  Does DHgate.com help with Trade Insurance?
  There are three types of insurance that DHgate.com offers:

  • Trade Assurance

  • Full Protection

  • Escrow Refund Protection

Can Australian Importers use DHgate?
Yes, you can. DHgate has more than 30 million products in a wide range of categories including apparel & accessories, computers & networking, consumer electronics, toys & hobbies, and many more. You can always find the right product at the right price on DHgate.com.
Conclusion
We all know China can produce a lot of goods, from clothing to electronics. But what products does Australia import from China? Anyone who imports from China, or who is planning to do so should know the most common items imported to Australia. Such information can help reveal to you the demand and supply situation, thereby helping you make informed decisions. What is presented to you in this article is by no means a comprehensive list of all the imports, but it will give you an idea of some of the major imports.