Australia: China is its second largest service trading partner

Australia: China is its second largest service trading partner

The Australian Foreign Trade and Trade Department's "2018 Australian Trade in Services Data Report" recently showed that China is Australia's second largest service trading partner after the United States. The bilateral trade in services totaled A$21.326 billion, a year-on-year increase of 13.7%. China is Australia's largest service trade export market. In 2018, Australia's service exports to China increased by 13.1% year-on-year; China is Australia's eighth largest source of service imports. In 2018, Australia's imports from China increased by 16.5%. (Source: Chinese Business Office in Australia)