Trading Room home page

China remains our top trading partner

Market watch top headlines

Australian reports

World reports

Stocks to watch

API, BEN, BHP, FMG, RIO, GPT, NBL, WES,

CANBERRA, Dec 21 AAP

December 21 2012, 12:17AM

China remained Australia's top trading partner in 2011/12 with two-way trade totalling $127.8 billion.

Japan and the United States were Australia's next two biggest trading partners, with $75.7 billion and $56.7 billion worth of trade respectively, the Department of Foreign Affairs and Trade revealed on Friday.

China accounted for one-quarter of Australia's total exports to the world in 2011.

This was not surprising given exports to China have grown from $8.8 billion in 2001 to $77.1 billion in 2011, an average annual growth of around 25 per cent.

Minerals and fuels continued to top the list of Australian exports to China.