Japan rises to second-biggest trade partner

Original article by Rowan Callick
The Australian – Page: 21 : 19-Mar-18

New figures show that Japan has again become Australia’s second-biggest trading partner, having relinquished this status to the US in 2015-16. There was an 18 per cent increase in Australian exports to Japan in 2016-17, while the total value of two-way trade between Australia and Japan rose by 13 per cent to $A69bn. Two-way trade between Australia and the US totalled $A66bn. The figures also show that Australia exported a total of $A63bn worth of iron ore in 2016-17, ahead of coal ($A54bn) and education services ($A28bn).

CORPORATES
AUSTRALIA JAPAN ECONOMIC INTELLIGENCE, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE. BUREAU OF RESOURCES AND ENERGY ECONOMICS, IMPEX CORPORATION, JERA, ROYAL DUTCH SHELL PLC

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