China - Australia

Australia and China are partners in a fast changing world driven by increasing globalization; people mobility and the economic and strategic rise of the Asia pacific region.

Australia-China relations are characterized by strong trade bonds.

  • China is Australia's largest trading partner with a two-way trading partnership of just under $175 Billion.
  • China now buys $110 Billion goods and services from Australia

More recent trends show that Australian exports are now expanding well beyond the resource sector. A two-way investment relationship is also developing.

  • Australia is China's sixth largest trading partner $175 Billion, fifth biggest supplier of imports $110 Billion and tenth biggest customer for exports $65 Billion.
  • 2015-2016 and 2016-2017 Trade partnership growth 14.5%, $22 Billion
  • 2016-2016 and 2016-2017 Export Growth 25%, $22 Billion
  • 5 year Trend of 6%

Education services to China are highly regarded. Already, China is the biggest market for Australian education services.

  • Education exports in the form of education related travel and royalties on education services is $28 Billion
  • 2015-2016 and 2016-2017 Education Growth 15.8%, $4 Billion
  • 5 year trend of 10.9%

Vocational Education is showing enormous opportunity for growth when compared to University sector earnings.

  • Vocational exports $4 Billion (University exports $19 Billion)
  • 2015-16 and 2016-2017 education growth 20%, $800 Million
  • 5 year trend 12.2%