In 2010, Australia registered a $16.8 billion trade surplus, with our goods and services exported to more than 200 countries. This paper provides an informative summary of Australia's trade performance.
Australia has long been an open and active trading country. This engagement in global commerce has helped us become a prosperous nation and also left us well-placed in recent years to weather the worst effects of the global financial crisis.
In 2010, Australia registered a $16.8 billion trade surplus, with our goods and services exported to more than 200 countries. These exports generated more than 20 per cent of Australia's gross domestic product. Both exports and imports create employment: one in five Australian jobs is related to trade and expanding our international trade will help secure a high-skill, high-wage future.
Australia's total trade with China in 2010 was $105 billion, almost 24 per cent more than in the previous year. It was the first time that Australia's two-way trade with a single nation had topped the $100 billion level. China was Australia's largest two-way trading partner, our largest export market and biggest source of imports.
This paper provides detailed information on Australia's trade performance.