The bilateral trade between China and Australia maintained robust throughout the first 11 months of this year thanks to the improved economic and trade relations of the two countries.

According to data from the General Administration of Customs (GAC) on December 7, China-Australia trade rose 9.8% year on year to 1.46 trillion yuan ($208.79 billion) over January-November.

This positive trend followed the meetings between the top leaders of both countries during Australian Prime Minister Albanese's visit to China in early November, which further alleviated the bilateral tensions, experts said.

The recovery of traded cargoes like barley and timber in the second half year also pushed up the trade growth. Australian goods exports to its largest trading partner China witnessed a significant increase of 14.6%, maintaining double-digit growth since February.

Economic and trade relations serve as the cornerstone of the China-Australia ties, acting as stabilizers and accelerators for the overall relationship. The data reflects the ongoing success of mutually beneficial cooperation between China and Australia and that bilateral relations have basically achieved stability and are transitioning from recovery to growth.

Resolutions to various issues in the economic and trade domain have been achieved or are on the path.

The coal trade between the two countries has been sparked, hitting 39.44 million tonnes during the first ten months this year, the GAC data showed. .

It is widely anticipated that Australia will surpass the 50-million-tonne threshold in coal exports to China this year, marking its return to the top five since the resumption of trade earlier this year.

Noteworthy progress has been attained through joint endeavors, such as the resumption of Australian barley imports by China in October. This quickly elevated Australia to become China's second-largest source of barley imports by value, after France.

The upcoming New Year and Chinese Spring Festival retail peak are predicted to further enhance Australian goods shipments to China.

In a separate development, China's trade with Russia came in at 1.53 trillion yuan ($218.18 billion) during the January-November period, a year ahead of their anticipated goal, the GAC data showed. This represented a 33.7% year-on-year rise as Western imposed sanctions on Russia due to the conflict with Ukraine.

(Writing by Riley Liang  Editing by Harry Huo)
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