GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Australia’s biggest trading partner is ____
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USA
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Japan
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Mongolia
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China
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Explanation:
Detailed explanation-1: -China is Australia’s largest two-way trading partner in goods and services, accounting for nearly one third (32.2 per cent) of our trade with the world.
Detailed explanation-2: -1972 to 2020 China is Australia’s biggest trading partner mainly due to China’s strong demand for iron ore, coal and liquefied natural gas. Exports to China helped Australia escape the worst effects of the global financial crisis.
There is 1 question to complete.