Graph 1  http://www.rba.gov.au/speeches/2018/sp-gov-2018-05-23.html  2/20  5/25/2018  Australia's Deepening Economic Relationship with China: Opportunities and Risks | Speeches | RBA  Our trade relationship with China is sometimes summarised as: we export resources to China and we import manufactured goods.
It's understandable that people have used this shorthand: after all, exports of resources account for around two-thirds of our exports to China, with iron ore and coal alone accounting for 57 per cent. But it would be a mistake to view the trade relationship solely in these terms. Our exports to China are much more diverse than this.