Originally Posted by
Gilroy
The hypocrisy of it all
According to statistics, the trade volume between China and Australia in 2019 was about $158 billion, while Australia’s trade surplus with China was close to $50 billion. Its exports to China were worth $103.90 billion, accounting for 38.2 percent of Australia’s total exports last year. Australia imported $55.07 billion from China, accounting for 25.8 percent of Australia’s total imports, an increase of 1.4 percentage points over the previous year. China remains Australia’s largest trading partner, largest export destination, and the largest source of imports.