What timber does Australia export to China?

Australia exports logs to China worth just over A$600 million and woodchips worth almost A$980 million annually, according to 2018-19 trade figures. Portland timber businesses told Reuters that India was the obvious market to replace China, although redirecting such large quantities would be a long-term process.

What does Australia mostly export to China?

Iron ore, gas and coal make up the bulk of Australian exports to China (more than AUD 79 billion), but Australian service industries – led by education and tourism – are a growing part of the trade relationship.

What wood is exported from Australia?

The main wood products exported are woodchips, roundwood and higher value paper and paperboard. The largest category of Australia's wood product imports (by value) is paper and paperboard.

What raw materials does China buy from Australia?

Australia's resource exports to China are likely to continue to grow, but at a slower rate, with natural gas to some extent supplanting coal. Other commodities, such as wool and wheat, and other minerals will probably also do well as incomes in China rise.

Where does China import timber from?

Russia and Canada are China's largest suppliers of softwood sawnwood, while Thailand and the US supply the majority of hardwood sawnwood. Woodchips now amount to 17 percent of China's total timber product imports.

How Australia and China's trade relationship broke down | CNBC Explains

Does Australia import timber from China?

Reuters reported Friday that "Australia is bracing from a drawn-out disruption to its A$1.6 billion ($1.23 billion) annual timber trade with China after requests to Beijing's customs officials to resume the log exports were ignored," citing two unidentified sources.

How much wood do we export to China?

Annualized data suggest hardwood log exports to China will approach the 888,000 ton mark this year while hardwood log exports to other countries will fall to approximately 379,000 tons (Figure 2).

What does Australia share with China?

China is Australia's largest two-way trading partner in goods and services, accounting for nearly one third (31 per cent) of our trade with the world. Two-way trade with China declined 3 per cent in 2020, totalling $245 billion (Australia's global two-way trade declined 13 per cent during this period).

What would happen if China stopped trading with Australia?

“First, it would mean too big a disruption to the Chinese economy.” Iron ore imports from Australia are worth $85 billion annually, and so far, the agricultural imports hit by China's tariffs and bans are worth just $6 billion, he said. “China would not be able to make up its iron ore needs from other sources.”

Does Australia produce its own timber?

NSW produces one third of Australia's softwood timber, most of it via plantations using exotic species such as Radiata Pine. Cypress Pine is a common native softwood species that is harvested from dry native forests located west of the Dividing Range.

Where does Australia import timber?

by country and region. In 2015, the top partner countries and regions from which Australia Imports Wood include China, New Zealand, United States, Indonesia and United Kingdom.

Where does most of Australia's timber come from?

Traditional species including spruce, pine, beech and oak make up most of their timber exports, which in 2016/17 saw 95,000m3 of sawnwood exported to Australia. Strongly forested and a near neighbour, Malaysia is a key source for timber furniture, hardwood and plywood.

What raw materials does China import?

Does Australia still export to China?

China has been buying more goods from Australia this year even as their trade spat shows no signs of abating. The value of Australia's exports to China has jumped 24% from a year ago, to reach over $180 billion Australian dollars ($135 billion) as of the latest August data, according to research firm Oxford Economics.

What is our biggest export to China?

In 2017, the top export category to China was civilian aircraft, at around $16.26 billion, followed by soybeans, at around $12.25 billion. The third-highest export was motor vehicles, at $10.3 billion, and fourth was electronic integrated circuits, at around $5.29 billion.

What is Australia's biggest export?

Australia's top export products

Despite the fall in iron ore prices and the correspondent drop in export revenue, iron ore remains Australia's largest export, followed by coal. These two commodities alone represent over a quarter of all export earnings.

Why is China important to Australia?

China is maintaining rapid economic growth even while entering a period of political uncertainty. Economic growth is making the country a key trading and investment partner for Australia and its success is increasing Beijing confidence in asserting its position in regional and global affairs.

How much of Australian exports go to China?

Australia is one of the few developed nations on Earth that exports more into China than it imports from China. In the 2018-2019 fiscal year, China took in about 32.6% of all Australian exports — that is about 153.2 billion Australian dollars ($116.79 billion).

Does Australia have a trade surplus with China?

The headline trade surplus has nearly doubled, from $68bn in late 2019 on an rolling annual basis to $123bn at the moment (see the chart below). Total goods exports to China are up by 21% since late 2019.

What does China use NZ timber for?

Thus, the biggest use of New Zealand logs in China is for concrete formwork, the ultimate low-value product. If, though, they were quickly sawn and dried here, the timber could be more valuable to us while still leaving plenty of opportunities for downstream processing into more valuable products there.

Which country produces the most lumber?

China, by far the largest producer and consumer of woodbased panels and paper, has grown in importance as both a producer and consumer of forest products, and has recently overtaken a number of other big players in key product groups (e.g. the United States of America in sawnwood production).

Where does NZ timber go?

Total exports of forestry products from New Zealand for the year were $6.4 billion. Of total forestry exports, 48% went to China. The value of sawn timber exports reached $891 million.

Does Australia import pine timber?

Australia had been quite successful through companies like CanFor sourcing significant amount of timber from Canada and by working with Stora Enzo, bringing in significant amounts of Baltic pine sourced from across Europe, and processed through sawmills in Lithuania and the Czech Republic and imported into Australia.