Business
Most Australian trade with China has plummeted 40 per cent amid tensions, DFAT reveals – ABC News
The value of Australian trade with China has plummeted by 40 per cent for almost all industries since a trade dispute ramped up between the two countries.
The value of Australian trade with China for almost all industries has plummeted by 40 per cent since a trade dispute ramped up between the two countries.
- Overall, trade between the two nations is down just 2 per cent in value
- But that figure is being propped up by the iron ore trade
- Wine, coal, barley are some of the export industries to be hit hardest
Overall trade between the two nations is down just 2 per cent in value, with the situation propped up by strong demand for Australian iron ore.
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