China is the 1st country in the list of Australia’s largest business partners in 2018, representing 26.5% of the total trade, $136.67bn over the year. Also was the main destination for Australian exports. China represents a core partner for freight forwarders in Melbourne, Sydney and Brisbane port.
Exports to China were $75.2bn, or 30.8% of Australia’s total exports and freight logistics worth in the whole year.
Main industries by value of their exports
1/ Iron ($75.4bn)
2/ Coal ($5.6bn)
3/ Gold ($3.5bn)
Imports from China were valued $61.5bn, or 22.6% of the year’s total imports. Freight Companies from Australia are experiencing a great growth in China in more than 7 points from 2016.
By product, the top 3 Most worthy imports from China were communication systems and parts; computers & mobile phones; and furnishings, mattresses and cushions. One of the biggest trades not mentioned in the top 3 is Logistics. Transport companies at Melbourne and Brisbane port are booming their forecasts for 2019.
Japan was Australia’s second-biggest trading partner over 2018, representing 10,7% of the total Australian Exports worth $55bn. Main sea freight lines from Australia to Japan are being affected by the reduction of the vessel frequencies and are looking for cross-deck and 3PL Logistics to improve this area.
The 3 Most worthy exports from Australia to Japan
1/ Coal (worth $11.2bn)
2/ Iron ($4.7bn)
3/ Beef ($1.8bn)
4/ Cars and parts
5/ Refined oil
The United States of America was Australia’s second-largest supply source of imports with $32.5bn, mainly cards, communication systems, and craft components.