Germany, Taiwan, Switzerland, Australia and Korea all have huge trade surplus with China. However, most of China's trade deficit is with developing or poor 

China runs the largest merchandise trade surplus with the US at $375 billion. But some analysts think the data can be misleading. The US-China trade deficit could be overstated by as much as 20%, one analyst said. The Korea-Australia Free Trade Agreement (KAFTA) is a world-class, comprehensive bilateral agreement that substantially liberalizes Australia's trade with Korea, its fourth-largest trading partner. The KAFTA eliminates or reduces barriers to investments and trade between Korea and Australia. Over the past ten years, the US has run an annual trade deficit with China that's hovered between $200bn and $300bn. And when it comes to steel and aluminium imports to the US, China barely ranks. 2020 : U.S. trade in goods with China . NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not equal totals due to rounding. Table reflects only those months for which there was trade.

More than 40.5% of the U.S. trade deficit in goods is with China. The $346 billion deficit with China was created by $452 billion in imports. The $346 billion deficit with China was created by $452 billion in imports.

In 2014, Australia had a trade deficit of 1.4 per cent of GDP, much less than the US and Japan which both ran trade deficits over 3 per cent. It also contrasts with trade surplus countries such as Germany, which had a 6.7 per cent surplus and South Korea, which had a 5.4 per cent surplus. Twenty-five per cent of Australia's manufactured imports come from China; 13% of its exports are thermal coal to China. A two-way investment relationship is also developing. As China moves into its next phase of development, its demand will shift from raw materials to elaborately transformed manufactures, services, and expertise. Australia's trade balance is the difference between what we export and what we import. It is calculated by subtracting the value of the goods and services Australia buys from overseas from the value of the goods and services we sell to other countries. As of December 2019, Australia's trade balance was $5,223 million (seasonally adjusted). 2019 : U.S. trade in goods with Australia . NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not equal totals due to rounding. Table reflects only those months for which there was trade. More than 40.5% of the U.S. trade deficit in goods is with China. The $346 billion deficit with China was created by $452 billion in imports. The $346 billion deficit with China was created by $452 billion in imports.

'2011 Australia–China Futures Dialogues, Emerging Leaders Dialogue: Looking As economic and trade exchanges between Australia and China become more future holds great challenge and potential for us to balance these conflicting 

You have to pay for imports from China with yuan, not dollars. True, the Chinese company might accept dollars, but still it will just need to convert those dollars to  7 Dec 2012 Exports to China rose by $1,031 million (+20%) over the month, taking its share of Western Australia also continues to hold-up Australia's trade balance, , with a couple of Chinese induced hiccups, has run a trade deficit of 

Australia, along with all other countries, would benefit if China showed greater respect toward intellectual property rights and curbed the preferences awarded to state-owned enterprises. It is doubtful, however, whether the best path towards achieving these outcomes is through entering into a fully-fledged trade war with China.

2019 : U.S. trade in goods with Australia . NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not equal totals due to rounding. Table reflects only those months for which there was trade. More than 40.5% of the U.S. trade deficit in goods is with China. The $346 billion deficit with China was created by $452 billion in imports. The $346 billion deficit with China was created by $452 billion in imports.

'2011 Australia–China Futures Dialogues, Emerging Leaders Dialogue: Looking As economic and trade exchanges between Australia and China become more future holds great challenge and potential for us to balance these conflicting 

21 Feb 2020 EU Trade relations with Australia. while the EU represented Australia's 3rd- largest trading partner in 2018, after China and Japan and before the US. EU imports EU exports Balance 2016 2017 2018 Years 0 25 50 Billions  Merchandise Trade statistics data for Australia (AUS) including exports and imports, with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. China, 87,726 · 34.71. 11 Oct 2019 India's $53bn trade deficit with China is by far the country's South Korea, Japan , Australia, New Zealand and members of the Association of 

from China's exports, the US trade deficit with China is reduced by half, to about 1 products (Australia, New Zealand, and Canada) have benefited more from