- Petroleum is the most popular import across Asia.
- China imports the most petroleum in Asia—in 2018, it brought in over $207 billion worth.
- China is the world’s second largest importer (the U.S. comes in at number one)
What goods do we import from and export to Asia?
- Iron ore and other ores ($38.8 billion—23.5% of the total exports)
- Gold and other precious metals ($16.1 billion—6.3% of the total exports)
- Mineral fuels including oil ($87.7 billion—34.6% of the total exports)
- Bovine meat ($10.2 billion–4% of the total exports)
What are the main exports of Asia?
| Rank Export Product Global% | 1. Integrated circuits/microassemblies 86.6% | 2. Phone system devices including smartphones 75.3% | 3. Crude oil 49.9% | 4. Processed petroleum oils 43.2% |
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What are 5 imports?
- Machinery (including computers and hardware) – $386.4 billion.
- Electrical machinery – $367.1 billion.
- Vehicles and automobiles – $306.7 billion.
- Minerals, fuels, and oil – $241.4 billion.
- Pharmaceuticals – $116.3 billion.
- Medical equipment and supplies – $93.4 billion.
What items does Australia import from Asia?
- #1 Machinery (AUD$46.2 billion) ...
- #2 Mineral fuels (AUD$43.9 billion) ...
- #3 Vehicles (AUD$43.6 billion) ...
- #4 Electrical machinery and equipment (AUD$37.1 billion) ...
- #5 Medical/technical equipment (AUD$12 billion) ...
- #6 Pharmaceuticals (AUD$11.8 billion) ...
- #7 Gems and precious metals (AUD$9.5 billion)
What does the US import from Asia?
U.S. imports from ASEAN account for 8.3% of overall U.S. imports in 2019. The top import categories (2-digit HS) in 2019 were: electrical machinery ($64 billion) , machinery ($24 billion), knit apparel ($14 billion), furniture and bedding ($11 billion), and woven apparel ($9.6 billion).
What are the major exports of South Asia?
Its main exports are linens, cotton, yarn, and rice , and its main imports are oil, chemicals, machinery, and food. Afghanistan is similarly a developing country – one of the least developed in the world in fact – and has struggled for years due to unsuccessful regimes and war.
What do we export to China?
Aircraft, soybeans, motor vehicles and microchips are top U.S. exports to China. Since 2001, the share of these exports going to China has increased sharply. Soybeans and motor vehicles are targets of recent Chinese tariffs. Production of these two exports is geographically concentrated.
What do we export to Japan?
U.S. exports to Japan account for 4.5 percent of overall U.S. exports in 2020. The top export categories (2-digit HS) in 2020 were: mineral fuels ($7.2 billion) , machinery ($7.1 billion), optical and medical instruments ($6.6 billion), aircraft ($4.9 billion), and electrical machinery ($4.2 billion).
What does Japan export to Australia?
| Japan Exports to Australia Value Year | Electrical, electronic equipment $293.81M 2020 | Optical, photo, technical, medical apparatus $209.23M 2020 | Articles of iron or steel $185.70M 2020 | Pearls, precious stones, metals, coins $153.54M 2020 |
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What is the US number 1 export?
Services are the biggest US export, with total foreign sales of $778 billion last year.
What is America’s number 1 export?
| Rank US Export Product 2020 Value (US$) | 1 Processed petroleum oils $60,709,450,000 | 2 Crude oil $50,285,962,000 | 3 Cars $45,642,596,000 | 4 Integrated circuits/microassemblies $44,212,664,000 |
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What country does us import the most from?
| Rank Country Percent of Total Imports | — Total, All Countries 100.0% | — Total, Top 15 Countries 78.7% | 1 China 17.2% | 2 Mexico 13.9% |
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What food does Australia export to Asia?
- Mozzarella. The Asian pizza market is expected to grow by more than 20% in the next five years. ...
- Yoghurt. ...
- Ginger Beer. ...
- Dried Fruit. ...
- Craft beer. ...
- Lessons from Australian businesses.
What is Australia’s biggest 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 are the top 10 countries that Australia exports to?
Australia’s top ten trading partners in 2018-19 in order were China, Japan, the United States, the Republic of Korea, Singapore, New Zealand, the United Kingdom, India, Malaysia and Thailand . China remained Australia’s largest two-way trading partner in 2018-19 and was our largest export market and import source.
