Australia china trade volume by country
Definition Total number of products imported by a country at the Harmonized System HS six digit level in any given year. Definition Number of countries from which a particular country imports data in any given year. A country with trade export or import that is concentrated in a very few markets will have an index value close to 1. Similarly, a country with a perfectly diversified trade portfolio will have an index close to zero.
Definition It is calculated as the number of countries to which the reporter exports a particular product divided by the number of countries that report importing the product that year. Definition Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time.
Data are in current U. Definition Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services.
They exclude compensation of employees and investment income formerly called factor services and transfer payments. Definition Exports of goods and services represent the value of all goods and other market services provided to the rest of the world.
Australia top 5 Export and Import partners. Australia Exports and Imports of Product Groups. Top 5 Products exports imports at HS 6 digit level. Product Code Product Name Petroleum oils, etc, excl. Definition The OTRI captures the trade policy distortions that each country imposes on its import bundle. It measures the uniform tariff equivalent of the country tariff and non-tariff barriers NTB that would generate the same level of import value for the country in a given year.
Definition Number of distinct NTM measures in effect in a country in a particular year. For more information click here Last Updated Jul Definition Total population is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship.
The values shown are midyear estimates. Structure Last Updated Oct Definition GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates.
For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Aggregate indicators Last Updated Oct GNI is the sum of value added by all resident producers plus any product taxes less subsidies not included in the valuation of output plus net receipts of primary income compensation of employees and property income from abroad.
GNI, calculated in national currency, is usually converted to U. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank.
This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through , the G-5 countries France, Germany, Japan, the United Kingdom, and the United States. CD Last Updated Apr ZS Last Updated Apr Definition Economies are ranked on their ease of doing business, from 1— A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Figure 2 also shows the relative trade balances of these countries. In , Australia had a trade deficit of 1. It also contrasts with trade surplus countries such as Germany, which had a 6. It is important to note while looking at cross-country comparisons that while trade balances must offset each other globally, for any single country, trade balances can persist over many years or decades.
For example, Australia has persistently run trade deficits over the long-term, as shown in Figure 1. This can occur as trade imbalances can be offset by contrasting balances in international income transfers, or financial or capital account transactions within the Balance of Payments. Exports, imports and trade balance as a proportion of GDP in select G20 economies.
Figures for and are included to show longer-term relative growth trends. This table shows some of the trends driving Australian export growth. The rise of China as a key export market is clear, demonstrated by The concentration of Australian export markets is also evident with the top four markets China, Japan, US and South Korea accounting for over half 55 per cent of all exports.
Southeast Asia has seen some of the strongest growth trends in the last five years with exports to Singapore, Malaysia, Indonesia and Vietnam all showing strong growth. The inclusion of the United Arab Emirates is indicative of the strong growth in exports to the Middle East in recent years. The Department of Foreign Affairs and Trade produces individual fact sheets for most countries and regions to which Australia exports. Table 2 shows the top 15 export products for with relative shares of total exports and growth rates for the five years to