The NSW-China economic relationship in 2018
June 12 2018
1. Over the past year the value of NSW goods exports to China is $8.1 billion. This is a record high. China accounts for 17.4 percent of NSW total goods exports, and is:
- 0.7 times that to Japan;
- 2.1 times that to Korea; and
- 3.0 times that to the US.
2. The annual value of NSW goods exports to China increased by $1.8 billion in the past five years. During the same period NSW goods exports to:
- Japan increased by $1.7 billion;
- Korea increased by $0.8 billion; and
- the US increased by 0.8 billion.
3. The annual value of NSW agriculture, forestry and fishing exports to China is $1.1 billion. This compares with:
- $62.7 million to Japan;
- $31.8 million to Korea; and
- $7.9 million to the US
4. The annual value of NSW mining exports to China is $3.5 billion. This compares with:
- $9.1 billion to Japan;
- $2.2 billion to Korea; and
- $1.0 million to the US.
5. The annual value of NSW manufacturing exports to China is $3.1 billion. This compares with:
- $1.5 billion to Japan;
- $1.0 billion to Korea; and
- $2.6 billion to the US.
6. Services exports are a major income earner for NSW – worth $35.7 billion in 2017. Topping the list are education and tourism. There are currently 69,407 Chinese nationals studying in NSW. This is 38.0 percent of all Chinese students in Australia, and compares with:
- 2,812 from Japan;
- 8,623 from Korea; and
- 3,247 from the US.
7. NSW had 776,000 visitors from China in 2017. This compares with:
- 166,000 from Japan;
- 221,000 from Korea; and
- 457,000 from the US.
While accounting for 18.7 percent of visitors to NSW, those from China accounted for 31 percent of total visitor expenditure.
8. Chinese investment in NSW in 2017 totalled $5.6 billion. This was 42 percent of all Chinese investment in Australia.
This fact sheet was prepared by James Laurenceson, Deputy Director, Australia-China Relations Institute, University of Technology Sydney.
 Department of Education and Training, March 2018 <https://internationaleducation.gov.au/research/International-Student-Dat...
 Destination NSW, ‘International travel to NSW year ended December 2017’, 2018 <https://www.destinationnsw.com.au/wp-content/uploads/2018/03/nsw-interna....
 Destination NSW, ‘NSW international visitation year ending December 2017 <https://www.destinationnsw.com.au/wp-content/uploads/2018/04/nsw-interna....
 Figures include investment deals over $5 million and exclude residential real estate, Source: KPMG and the University of Sydney, ‘Demystifying Chinese investment in Australia’, 2018 <http://demystifyingchina.com.au/>.