China Can Easily Cut Off More of Australia’s Commodities Exports
- Raw materials caught in political tension between the nations
- Barley, beef and wine producers have already faced disruptions
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Australia, the most China-reliant economy in the world, is bracing for further disruptions to its commodities sector amid tensions with Beijing that’ve already jolted beef, wine and barley producers.
The trading partner is Australia’s key market for goods exports, accounting for about 39% of all shipments in the most recent fiscal year, according to Bloomberg Economics. Its dependence puts products including coal and dairy, where China has domestic supplies or alternative import sources, at risk.