China-Australia relations: iron ore prices helped offset weakened trade with China in 2020

Australia’s export figures for the final month of a tumultuous past year confirmed that momentum slowed in some trade with China amid various restrictions, but unbarred exports remained strong and buoyed overall trade between the two countries, according to the final December trade data from the Australian Bureau of Statistics.

While full-year exports of both goods and services to other countries rose by 3.9 per cent compared with the prior year, those to China rose only 0.3 per cent, according to an analysis by Capital Economics.