Top China Trade Product Opportunities For Australia
China's greatest trade product losses to Australia during 2014 were for the products in the accompanying list.
The People's Republic racked up a
-US$58.9 billion deficit in its trade with Australia in 2014, up 25.7% from 2012.
Ores, slag, ash
The products below earned the greatest
subcategory deficits for China versus Australia.
1. Iron ores, concentrates:-$54.7 billion
2. Copper ores, concentrates: -$1.8 billion
3. Manganese ores, concentrates: -$1 billion
4. Aluminum ores, concentrates: -$914.8 million
5. Zinc ores, concentrates: -$657.1 million
6. Precious metal ores, concentrates: -$414.8 million
7. Lead ores, concentrates: -$379.8 million
8. Zirconium ores, concentrates: -$353.4 million
9. Nickel ores, concentrates: -$296.2 million
10. Titanium ores, concentrates: -$149.6 million
Oil
The products below earned the greatest subcategory deficits for China versus Australia.
1. Coal, solid fuels made from coal: -$8.9 billion
2. Crude oil: -$2.1 billion
3. Petroleum gases: -$781.4 million
4. Lignite: -$1,000
Copper
The products below earned the greatest subcategory deficits for China versus Australia.
1. Refined copper, unwrought alloys: -$2.2 billion
2. Copper waste, scrap: -$1 billion
3. Unrefined copper: -$120,000
Cereals
The products below earned the greatest subcategory deficits for China versus Australia.
1. Barley: -$1.1 billion
2. Wheat: -$448.8 million
3. Grain sorghum: -$120.3 million
4. Oats: -$37.8 million
Wool
The products below earned the greatest subcategory surpluses for China versus Australia.
Wool (uncarded, uncombed): -$1.5 billion
Meat
The products below earned the greatest subcategory deficits for China versus Australia.
1. Frozen bovine meat: -$617.5 million
2. Sheep or goat meat: -$398.4 million
3. Red meat offal: -$22.7 million
4. Fresh or chilled bovine meat: -$21 million
5. Salted/dried/smoked meat: -$103,000
6. Miscellaneous meat: -$10,000
Cotton
The products below earned the greatest subcategory deficits for China versus Australia.
Cotton (uncarded or uncombed): -$1.1 billion
Raw hides excluding furskins
The products below earned the greatest subcategory deficits for China versus Australia.
1. Bovine/equine rawhides, skins: -$562.8 million
2. Sheep/lamb rawhides, skins: -$267.3 million
3. Bovine/equine leather: -$24.8 million
4. Other animal leather: -$12 million
5. Miscellaneous rawhides, skins: -$937,000
6. Further-prepared leather: -$726,000
7. Chamois leather: -$211,000
8. Sheep/lamb leather: -$174,000
9. Goat/kidskin leather: -$12,000
Inorganic chemicals
The products below earned the greatest subcategory deficits for China versus Australia.
1. Aluminum oxide/hydroxide: -$1.1 billion
2. Radioactive chemical elements: -$70.1 million
3. Ammonia: -$4.8 million
4. Hydrazine, inorganic salts: -$4.7 million
5. Cobalt oxides/hydroxides: -$23,000
Nickel
The products below earned the greatest subcategory deficits for China versus Australia.
1. Nickel matte, oxide sinters: -$606.6 million
2. Nickel (unwrought): -$48.5 million
3. Bars, rods, wire: -$2.9 million
Wood
The products below earned the greatest subcategory deficits for China versus Australia.
1. Fuel wood, wood chips, sawdust: -$422.6 million
2. Rough wood: -$308.4 million
3. Sawn wood: -$30.6 million
4. Wood wool/flour: -$40,000
Fastest-Growing Chinese Trade Product Deficits Versus Australia 2014
Data source: Trade Map, International Trade Centre, www.intracen.org/marketanalysis
