Australia's Major Trading Partners, Exports & Imports

Who were Australia's top 2 trading partners in 2019-20?

• China & Japan

• Japan & USA

• Japan & Republic of Korea

• China & USA

Australia did more trade with _ than any other continent in 2019-20

(a)  

What was Australia's Australia's main export in 2019-20?

• Coal

• Iron Ores & Concentrates

• Education

• Tourism

What was Australia's main import in 2019-20?

• Personal Travel

• Refined Petroleum

• Passenger Motor Vehicles

• Computers

In 2019-20, Australia's total imports were $397.9 billion and total exports were $475.2 billion. Australia's balance of trade was therefore in which state?

• Trade Deficit

• Trade Equilibrium

• Trade Surplus

• Trade Postivie

Australia is an _ economy, meaning that it trades in goods and services with other countries

(a)  

Identify one advantage and one disadvantage of exporting goods to other countries.

Identify one advantage and one disadvantage of importing goods into Australia from other countries.