The Victoria-China Economic Relationship

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1. The annual value of Victoria’s goods exports to China is $4.2 billion.[1] This is –

• 1.9 times that to the U.S
• 2.2 times that to Japan
• 2.2 times that to New Zealand

2. The value of Victoria’s goods exports to China increased by $2.0 billion in the past five years. This is –

• 4.1 times that to the U.S
• 5.5 times that to Japan
• 16.9 times that to New Zealand

3. The annual value of Victoria’s agricultural exports to China is $3.0 billion.[2] This is –

• 3.6 times that to Japan
• 4.5 times that to the U.S
• 5.9 times that to New Zealand

5. The annual value of Victoria’s manufactured goods exports to China is $325 million.[4] This is –

• 0.3 times that to the U.S
• 0.3 times that to New Zealand
• 2.0 times that to Japan

6. Education is Victoria’s largest export earner worth $4.5 billion.[5] There are 28,442 Chinese students studying in Victorian universities.[6] This compares with –

• 510 from the U.S
• 323 from Japan

7. Personal tourism is Victoria’s second largest export earner worth $2.8 billion.[7] There were 352,000 visitors from China in the past year.[8] This compares with –

• 287,000 from New Zealand
• 151,000 from the U.S
• 39,000 from Japan

8. Over the past five years Chinese investment in Victoria has totaled $7.0 billion.[9] This compares with –

• $13.2 billion for Queensland
• $9.8 billion for Western Australia
• $8.7 billion for New South Wales

Endnotes

[1] As of September 2014. Source – Australian Bureau of Statistics (ABS)

[2] As of September 2014. SITC categories 0,1,2 (exc. 27, 28), 4. Source – ABS 

[3] As of September 2014. SITC categories 27,28,3,68. Source – ABS

[4] As of September 2014. SITC categories 5,6(exc. 68),7,8. Source – ABS

[5] As of year-end 2013. The value of education services is larger than any SITC goods category at the two digit level and any other services category. Source - Department of Foreign Affairs and Trade (DFAT), ABS.

[6] As of September 2014. Source – Australian Trade Commission

[7] As of year-end 2013. The value of personal tourism services is larger than any SITC goods category at the two digit level and follows only education services. Source – DFAT, ABS.

[8] As of July 2014. Source – Tourism and Events Queensland

[9] The figures are for 2009-2013. Source – University of Sydney / KPMG.