Australia-China Trade Rebalancing as Industrial Imports Outpace Commodity Exports
With commodity exports down from 2021, faster growth in machinery, electronics and transport imports has narrowed Australia’s trade surplus.
With commodity exports down from 2021, faster growth in machinery, electronics and transport imports has narrowed Australia’s trade surplus.
Imports have stabilised around USD 2.6 trillion, signalling softer domestic demand and a continued tilt toward commodity-intensive sourcing.
With Minerals & Fuels and Metals flowing out to Asia and manufactured goods flowing in, Australia’s trade profile is increasingly tied to China and Asian markets.
There are two distinct roles in the global minerals system: upstream exporters and downstream manufacturing hubs, whose demand for resources continues to rise.
Intern Flexible (Virtual)
Full-time Flexible (Virtual)
WA Mining Club luncheons are valuable ways to network with colleagues and clients and learn about the latest industry insights.
WA Mining Club luncheons are valuable ways to network with colleagues and clients and learn about the latest industry insights.
Australia’s highly specialized export profile can be a source of risk and opportunity in a changing global trade context.