MAJOR TRADING PARTNERS
Based on the volume of trade with the state, Victoria's biggest trading partner in 2007-08 was China, with combined exports and imports of $11,736m. The next biggest trading partners were the United States of America, Japan, New Zealand and Germany. With the exception of New Zealand (a trade deficit of $346m), Victoria's largest trade deficits in 2007-08 were recorded with its biggest trading partners - China ($7,182m), the United States of America ($5,549m), Japan ($3,537m) and Germany ($3,267m). Over the same period, trade surpluses were recorded with 4 of the state's 30 major trading partners. The largest of these was with Saudi Arabia ($978m), followed by the United Arab Emirates ($415m).
The top five destinations of Victoria's exports in March quarter 2009 were China, the United States of America, New Zealand, Japan and Saudi Arabia. Combined, 43.7% of the state's exports in the quarter went to these countries. More than one-fifth (21.5%) of imports to Victoria came from China, with the United States of America (13.2%) and Japan (8.2%) being the next two largest sources.
View underlying table as an Excel spreadsheet: 1367.2 International Merchandise Trade, Victoria, By Major Trading Partners (file size 27kB)