The Canberra and Beijing trade wars have resulted in Australian commodity export losses of $ 3 billion last year.
That is the value of Australian exports lost in 2020 compared to the previous year, where it included trade restrictions on copper, fresh charcoal, wine and lobster.
Although its value may seem small, this effect also indicates that there is an economic need for the country to submit to Chinese pressure.
The impact on the industry is so great that it forces exporters to leave their largest markets and find customers elsewhere.
Although relations between the two countries have deteriorated, China still does not dare to restrict the most important commodities for its own economy, namely iron ore and liquefied natural gas suggesting Australia is the dominant producer.
China is Australia's largest trading partner and diplomatic relations between the two countries deteriorated after Canberra blocked Huawei and its 5G network.
Australia is also opposed to China's national security laws in Hong Kong and urges the World Health Organization (WHO) to investigate Beijing on the origins of the coronavirus.
