Australia-China trade relations

Question

26 Aug 2021

Answer :

Word Count : 437

China is Australia's largest two-way trading partner in goods and services, accounting for nearly one third (31 per cent) of our trade with the world. Two-way trade with China declined 3 per cent in 2020, totalling $245 billion (Australia’s global two-way trade declined 13 per cent during this period). Our goods and services exports to China totalled $159 billion in 2020, down 6 per cent compared to 2019. This decline largely reflects reduced services exports as a result of the COVID-19 pandemic (down 36 per cent in _____ _________ _______ ___ ________ ___ __________ _________ ____ ______ __________ ________.
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