We generate market information and insights, promote Australian capability, and facilitate connections through our extensive global network. Export volume of sparkling and fortified wine Australia FY 2006 - FY 2019 Export volume of table wine Australia FY 2006 - FY 2019 Export value distribution of … The focus on health and wellness and demand for premium products is also having an impact here, with organic milk formula recording growth of 30% in 2017. On your journey to becoming a successful importer, more than half the battle is in sourcing for the right product to import.There are several thousands of manufacturers in China and researching into all of them will be time-consuming, and without the right direction can be futile. China is Australia’s largest source of international students with the services export market worth AUD 11.7 billion in 2018. China is Australia’s largest export market, so 80% tariffs are likely to bring significant pain. Information on Trade Agreements in force and in negotiation, plus market videos detailing insights and opportunities. Increased trade creates more Australian jobs and delivers more opportunities for Australian businesses. Australia has a competitive advantage in this area, as the Chinese consumer associates it with a healthy, active lifestyle; safe, nutritious food; and clean water and air. The China Australia Free Trade Agreement (ChAFTA) The entry into force of the China Australia Free Trade Agreement (ChAFTA) in December 2015 injected fresh impetus into an already strong trade and investment relationship, opening the door for Australian companies to penetrate more deeply into our largest export market. Wool ($3.3b), barley ($1.5b) and beef ($1.0b) were the top three commodities exported to China. It covers our top trading partners, key exports, imports, sources and destinations for investment and how Australia compares with the rest of the world in global export, import and investment rankings. As levels of disposable income continue to increase in China, Chinese parents are increasin… China is Australia’s largest services export market, with the value of services exports to China increasing by an average of 18.6% per annum since 1996, according to DFAT. Market Profile - China. © 2020 - Sinorbis Holdings pty Limited ANC: 605 346 996 Privacy policy - Terms of use, 5 major trends in Australian exports to China. China is Australia’s biggest trading partner, representing 28% of Australia’s export market. Exports to Australia in China averaged 3669848.06 USD THO from 2014 until 2020, reaching an all time high of 5682300 USD THO in February of 2020 and a record low of 1857589 USD THO in February of 2014. Trade and Investment at a Glance provides high level statistical data on Australia's trade and investment profile on an annual basis. Over half of the total value is attributed to ‘education-related travel services,’ which is of course linked to the steady increase in Chinese international students. They are typically lower than the rates of MFN and conventional duties. Exports to Australia in China increased to 5247200 USD THO in October from 4817900 USD THO in September of 2020. Australia’s largest exports to India are in the resources sector. Australia’s trade surplus in June was higher than expected as exports to China boomed to their second highest on record, a sign the commodity-leveraged country was … Two-way investment between Australia and India reached A$30.7 billion in 2019. ‘Other personal travel services’ also accounts for a significant portion, making up around 30% of all exports. China is Australia’s number one export market, our largest source of international students, our most valuable tourism market, a major source of foreign direct investment and our largest agricultural goods market. Business has begun reopening in China, driving up the demand of Australia's seafood exports. Austrade’s International Readiness Indicator. In 2018, there were 255,364 Chinese students enrolled in Australian education institutions (including schools), representing 29 per cent of all international enrolments. For more information and support visit Austrade’s critical trade updates page. The China-Australia Free Trade Agreement (ChAFTA) unlocks significant opportunities for Australia. China is also Australia’s most important partner for imports. In addition, China may reportedly commit to purchase additional US goods worth more than $1 trillion over the next six years. China has been Australia’s top agricultural export market since 2010–11. This increasing focus is also linked to the ageing population, as the Chinese elderly seek to improve their quality of life post retirement by looking after their health. According to Austrade, by 2020, there will be 248 million Chinese people aged 60 years and over – around 10 times the current population of Australia. When it comes to food, quality, safety, freshness and taste are paramount, with sophisticated cold chains and a sharp increase of flights between Australia and China meaning Chinese consumers can purchase fresh Australian produce almost on-demand. Updates on trade, investment, education and tourism delivered to your inbox. As strategic partners since 2009, Australia and India enjoy strong political, economic and community ties. As the birth rate and population continues to fall, and life expectancy continues to rise, China’s population is ageing rapidly. In 2017/18 Australia bought $71.3 billion worth of goods and services from China. There are also fears that China’s economic growth will be further impacted by recent political events, such as Brexit and the current trade conflict between US and China, with the US imposing tariffs totaling over $250 billion. They also found that sports nutrition products grew 47% to RMB1.4 billion and are forecast to grow to RMB3.9 billion by 2022. While trade and investment relationships have been strong for many years, the enactment of the China Australia Free Trade Agreement in 2015 has boosted trade relations even further. The resource-intensive nature of China's development has meant that Australia's exports to China have expanded quickly over this period, driven by bulk commodities such as iron ore and coking coal. EMDG applications can be lodged by approved consultants. Find out about how you can take advantage of free trade agreements. Austrade provides information, advice and range of trade services to assist Australian businesses reduce the time, cost and risk associated with exporting. One third of all of it goes to China, our biggest trading partner. See a full list of restricted and prohibited products . They are also more likely to take preventative measures, such as eating healthy foods and exercising. Two-way investment and increasing exports. ... having been involved in 65 disputes between 2002 and 2019. US goods exports to China declined in 2018, after breaking a record the previous year. The combined effect has been a virtual halving of daily market prices for lithium in China. For several decades, exports and investment have underpinned the development of the Chinese economy. These Guidelines are endorsed and promoted by the Australian Government. Download the China Aged Care Training Opportunities Map (PDF). Containing general information, recent economic indicators, Australia’s trade and investment relationship with China and their global merchandise trade relationship that is updated twice a year. Sign up, Receive alerts on events, information and insights relevant to you. Australia's lithium export 'boom' underwhelms ... 2019 – 5.21pm. Multinational Enterprises should be aware of the OECD Guidelines for Multinational Enterprises that provide voluntary principles and standards for responsible business behaviour in a variety of areas, consistent with applicable domestic laws. E-commerce in China: A Guide for Australian Business offers practical advice, facts and insights on how China’s e-commerce marketplaces work and how to access them. Complementary medicines in China: A guide for Australian business offers practical advice, facts and insights on entering China’s complementary medicines market. Around 25 per cent, or $11.8 billion, of Australian agricultural exports were destined for China in 2017–18. Australia’s shipments of meat posted the third-fastest gain in value up by 13.4% year over year. This is supported by the data – sales of baby and child-specific products grew 13% to RMB17.1 billion in 2017. Euromonitor reports sales of baby food in China grew 9% in 2017 to reach RMB146 billion and are forecast to reach RMB196 billion by 2022. The Australian Government is aware of reports from Australian exporters experiencing issues with some goods entering Chinese ports. Exporting food and beverage to China: A guide for Australian business provides an overview of the Chinese food and beverage sector, market trends, consumer profiles, distribution channels, key regulations, and how to use social media as a promotional and sales tool. Goods Exports. It might seem like a miniscule increase, but this equates to 2 million more births each year, which in turn will increase the demand for quality baby products, thereby having a significant effect on the export potential. We can provide independent consultants to assist. That being said, per capita income is predicted to continue to increase rapidly, exceeding US$12,000 by 2022. These citizens require accommodation, medical care, health products and qualified carers – much of which Australia can potentially help provide. As a result, China has be… This is an important market for WA growers, with no ready alternatives. Other agrifood sectors, such as fruit and vegetables, meat and livestock, and dairy have also enjoyed double-digit growth over the same period. There is certainly potential for services outside of travel, however, with areas such as ‘business services’, ‘financial and insurance services’, ‘professional services’, and ‘personal, cultural and recreation services’ all experiencing growth over the past decade. The Chinese market remains, therefore, a huge opportunity for Australian business looking to export goods and services overseas. Download the Complementary Medicines Guide (PDF). This page includes a chart with historical data for China Exports To Australia. Two product categories declined from 2018 to 2019 led by cereals (down -29.1%) notably lower global sales … This page includes a chart with historical data for Australia Exports to China. Trade at a glance also includes a summary of Australia's trade and investment framework and the international trade and investment fora we regularly engage in to progress Australia'… Link Copied! Sichuan, for example, has a shortfall 800,000 aged-care workers. Exporters can further mitigate risk by capitalising on these 5 major trends in Australian exports to China. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. An online tool for new exporters that has been designed to help Australian businesses determine whether their business is ready for exporting. More information on doing business in China. The past few weeks have signalled a shift in relations between China and Australia. Sales of weight management and wellbeing products also grew 7% to RMB11 billion and are forecast to grow to RMB19.2 billion by 2022. The Australia-China economic relationship is only getting stronger after the two countries signed the China-Australia Free Trade Agreement (ChAFTA) which entered into force in December 2015. China is Australia’s largest export market. Contact us As China’s middle- and upper-classes continue to grow, the demand for premium products is only expected to increase. While this measure may not be having as big an effect as the Chinese government had hoped, it is having some effect, with China’s National Health and Family Planning Commission reporting that the birth rate went from 1.6 to 1.7 births per woman in 2016. China, for example, is Australia’s top market for wine exports, accounting for 33% of total Australian wine export value. Download the Exporting food and beverage to China guide (PDF). Austrade has particularly highlighted aged-care training as a big opportunity for Australia, noting the huge shortage of aged-care workers in several provinces in China. Australian wine exports to China (including Hong Kong and Macau) increased by 7 per cent in value to $1.11 billion and decreased by 14 per cent in volume to 154 million litres (17 million 9-litre case equivalents) in the year ended March 2019. Here are some benefits of being a member: Need help with preparing and lodging your application? Overview: This page contains the latest international trade data for Australia, including service trade data, and tariffs.In 2018 Australia was the number 13 economy in the world in terms of GDP (current US$), the number 24 in total exports, the number 24 in total imports, and the number 73 most complex economy according to the Economic Complexity Index (ECI). The type and value of the products you export to Australia may incorporate costs such as clearance fees, customs duty, goods and services tax. Smaller percentages of China’s total exported goods arrived in Africa (4.5%), Latin America (4.2%) excluding Mexico but including the Caribbean then Oceania (2.3%) led by Australia and New Zealand. From 1 January 2019, the conventional rates for Australia have reduced. China is Australia’s biggest trading partner, representing 28% of Australia’s export market. A comprehensive overview of political, economic and bilateral and regional trade agreements. According to data from Austrade, seafood exports, for example, grew by 320% between 2016 and 2017. Western Australian barley exports to China were valued at $805 million in 2018-19. The figures are strikingly similar to another export industry now perceived to be under threat because of the diplomatic stoush with China. As you can see, Australian exports to China are on the up and up. By 2016, they had leapt to second place, after the US, with total imports exceeding A$130 billion. This is due to the increase in Chinese tourists visiting Australia. We also don’t expect the fervor over baby formula to wane any time soon – China will continue to import large quantities due to safety concerns about domestic products. In 2015, China ended its one-child policy to help slow the pace of an ageing population. Chapter 1 What to import from China to Australia. Export income from international education Australia FY 2013-2019 Value of exports from China by month 2017-2020 Trade balance of goods in China by month 2017-2020 for, and competitiveness of, Australian agricultural products in export markets. Interactive market profile featuring statistics on international travellers to Australia including visitation, spend and more. Australia exports more than 30 per cent of the dairy it produces, including cheese, butter and milk as well as milk powder and formula. The entry into force of the China Australia Free Trade Agreement (ChAFTA) in December 2015 injected fresh impetus into an already strong trade and investment relationship, opening the door for Australian companies to penetrate more deeply into our largest export market. 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