Western Australia – China trade briefing note: Benefits to Western Households
Commissioned by the Australia China Business Council, this briefing note establishes a firm evidence base on the economic impact of trade with China on Western Australian households.
This briefing note provides and overview of the relationship between China and WA. It highlights the impact of WA-China trade on the welfare of households in the state through household income, labour market and cost of living effects.
This note should be read in conjunction with the national report which provides a detailed methodological approach and highlights the benefits to the average Austraian households.
This note found:
- Australia’s trade intensity with China increased WA household disposable income by an average of $8,700 in 2022-23
- two-way trade with China in 2022-23 contributed to approximately 220,600 jobs, or 14.5 per cent of total employment in WA
- WA households would pay 2.9 per cent more for the same consumption items without China as a major import partner.