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Last week, Roy Morgan Research reported that the preference for Australian-made goods rose during 2020, but fell for goods from Australia’s largest trading partner China.
Specifically, 93% of Aussies said they are more likely to buy products made in Australia – up from 87% a year earlier. By contrast, only 21% of Australians said they would be more likely to buy products made in China, a drop of 9% points from 2019:
Australians want to buy locally instead of from China.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.