From January to July 2022, the bilateral import and export volume of goods between China and Australia was US$128.26 billion, a decrease of US$32.37 million compared with the same period in 2021, down by 1.7% year-on-year.
From January to July 2022, the total value of China’s exports to Australia was US$43.18 billion, an increase of US$8.34 billion compared with the same period in 2021, an increase of 24.1% year-on-year. The total value of China’s imports from Australia was US$85.09 billion, a decrease of US$9.45billion compared with the same period in 2021, down 11.1% year-on-year.
Although this year’s trade (especially in the commodities such as barley, sugar, beef, wine, log, coal, lobster, and copper) is down considerably, Australia’s trade surplus resulting from trade with China still reached US$41.91 billion from January to July 2022.
Data source: www.customs.gov.cn | www.mofcom.cn (Note: US$1=AUD1.4790)