Australia’s avocado trade association signed a memorandum of understanding with China’s trade body at the China International Import Expo in Shanghai. What is this agreement? Well, this agreement signifies an advancement for the superfood to obtain access to the Chinese market. China is Australia’s largest trade partner both in imports and exports. Here are some quick facts and stats about China-Australia bilateral trade and their avocado agreement.

The agreement between Avocados Australia and the China Chamber of Commerce on the Import & Export of Foodstuffs, Native Produce & Animal By-Products will seek to enhance cooperation and technological exchanges.

Amid the warming ties between both countries, Australian businesses have set up over 250 booths, including wine, lobster, avocado, and healthcare products, at the China International Expo. It is viewed as an important window for international exporters to tap the vast Chinese market.

China is Australia’s largest two-way trading partner, having accounted for 26% of its global goods and services trade in 2023. China’s exports to Australia totaled USD 74 billion, while China’s imports from Australia totaled USD 155 billion in 2023. Here’s a quick view of China China-Australia trade data in the chart.

This year, Avocados Australia met with agriculture representatives from the southwestern province of Yunnan. This is to discuss planting technology cooperation, trade collaboration, and investment plans. By setting up standards for facilities and modernizing farmlands, it will help both sides to explore a new win-win cooperation model.

A decade ago, China’s overall avocado imports were negligible, but by 2018, they had grown. Below given chart shows the yearly trends of China’s avocado imports.

The avocado agreement between China and Australia would be crucial for boosting their bilateral trade. We at Market Inside will closely monitor how avocado China will import from Australia as per this agreement. And we will provide you latest China import data with actual shipment records. We have the world’s largest trade database, covering global trade data of 190+ countries. Access our dashboard and get started with exploring import export data of any country and product.