Australia Textiles and Clothing Imports by country 2021 (2024)

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Australia Textiles and Clothing Imports by country 2021? ›

In 2021, Australia imported around 7.4 billion U.S. dollars' worth of apparel products, with trousers, shorts, and jerseys the most common apparel product imports. China is by far the leading import partner for apparel products to Australia, followed by Bangladesh and Vietnam.

Imports The top imports of Australia are Refined Petroleum ($37.7B), Cars ($20.8B), Delivery Trucks ($8.59B), Broadcasting Equipment ($7.46B), and Computers ($7.03B), importing mostly from China ($81.2B), United States ($29.7B), South Korea ($18.7B), Japan ($16.7B), and Singapore ($14.7B).

As at August 2022, Australia had imported apparel products to the value of 5.52 billion U.S. dollars. In 2021, the value of apparel product imports reached over 7.3 billion U.S. dollars, the highest import value recorded within the given period.

Mobile phones and telecommunication equipment, which are Australia's biggest import category from China, are a possible exception. China's sales in Australia have risen by only 4.7% to $9.9 billion since 2019-20, while imports from other suppliers have risen by 33.7% to $7.8 billion.

The Australia-China bilateral relationship is based on strong economic and trade complementarities and longstanding community and cultural links. In 2014, the Australian Prime Minister and Chinese President agreed to describe the relationship as a "comprehensive strategic partnership", reflecting its breadth.

China is our largest trading partner, accounting for 27% of our two-way trade. More than 40% of our exports go to Japan, Korea, India, the US, Taiwan and Singapore. The Association of Southeast Asian Nations (ASEAN) is also a significant bloc for Australian trade.

Australia's top ten trading partners in 2018-19 in order were China, Japan, the United States, the Republic of Korea, Singapore, New Zealand, the United Kingdom, India, Malaysia and Thailand. China remained Australia's largest two-way trading partner in 2018-19 and was our largest export market and import source.

2019-20: Wages and salaries were the largest income source (77% of all income), followed by investment and other income (10%), social security payments, including Family Tax Benefits (8%), and own-business income (4%). 2017-18: The main source of household income is wages and salaries, at 75%.

In 2021, the top partner countries from which Australia Imports Textiles and Clothing include China, Bangladesh, India, Vietnam and Indonesia.

Australia Imports Textile clothing Products Worldwide Are As Follow China around USD $ 5919.15 M (in Million) with import share (60.78%), Bangladesh around USD $ 695.64 M (in Million) with import share (7.14%), India around USD $ 484.59 M (in Million) with import share (4.98%), Vietnam around USD $ 326.94 M (in Million ...

Does Australia have a textile industry? ›

Australia's Textile Industry

Although fashion is one of the larger exports for Australia, it also provides raw goods and machinery as well. Due to the massive amount of open land in Australia, it is capable of growing a variety of natural textile fibers, such as cotton, hemp, and Banyan tree fibers.

Leading services exports from the U.S. to Australia were in the financial services, travel, and telecommunications, computer, and information services sectors. The United States has a services trade surplus of an estimated $12.7 billion with Australia in 2022, up 24.1 percent from 2021.

Part of the rapid growth in demand for imports over the past decade reflects strong growth in incomes. Since the early 1990s there have been no recessions and real GDP has grown at an average annual rate of almost 4 per cent. Spending (real GNE) has grown by around 4½ per cent.

Australia is the world's largest exporter of coal (35% of international trade), iron ore, lead, diamonds, rutile, zinc and zirconium, second largest of gold and uranium, and third largest of aluminium.

Australia is now a net importer (that is, we import more than we export) in six food categories: seafood, processed fruit and vegetables, soft drink, cordials and syrup, confectionary, bakery products and oils and fats.

Australia's top ten trading partners in 2018-19 in order were China, Japan, the United States, the Republic of Korea, Singapore, New Zealand, the United Kingdom, India, Malaysia and Thailand.

Australia exports for 2021 was $342.63B, a 7.45% increase from 2020. Australia exports for 2020 was $318.86B, a 5.18% decline from 2019. Australia exports for 2019 was $336.28B, a 7.63% increase from 2018.