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Trade with China Hits $100 billion

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Media Release

Media release from the Australian Department of Foreign Affairs and Trade

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:

  • Australia's export volumes increased 5.2 per cent while import volumes increased 13.5 per cent.
  • Japan was Australia's second largest two-way trade partner ($66.1 billion) followed by the United States ($49.8 billion).
  • Japan was also Australia's second largest export market ($45.7 billion) and the Republic of Korea was Australia's third largest export market ($22.4 billion).
  • Australia's top three exports were iron ore and concentrates ($49.4 billion, up 64.3 per cent), coal ($43.0 billion) and education-related travel services ($17.7 billion).
  • Australia's top three imports were personal travel services (excl education) ($20.3 billion), crude petroleum ($16.2 billion) and passenger motor vehicles ($15.9 billion).

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

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

Last Updated: 29 June 2011
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