International Trade in Australia

International Trade in Australia

Australia is the world's thirteenth largest economic power. After a slowing down due to global recession, in 2010 the Australian economy has been growing again, with an estimated growth rate of 3 % of the GDP. This good economic performance owes to the government's fiscal policy of... Read more

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Market Analyses About Australia (251)

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  • China Blueprint Consultants

    China Blueprint Consultants

    Foreign Direct investment, Australia

    China Blueprint is the leading Australian boutique consultancy companies facilitating business and investment between Australia and...
  • OneWorld Communications

    OneWorld Communications

    Advertising, Australia

    Welcome to OneWorld Communications. We are a full-service advertising agency in San Francisco California with international...

Business Tips About Australia (146)

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  • Anderson's Business Facilitation Services Pty Ltd
    Established in 2004, Anderson's specialises in international business development, primarily in South East Asian countries and the...
  • Hitec Process Australia

    Hitec Process Australia

    Distributors, Australia

    Hitec Process Australia is able to offer custom engineered solutions to your most complex of static or dynamic weighing...

Overview About International Trade in Australia

Main Industry Sectors

The tertiary sector occupies a dominant position in the Australian economy (more than three-fourths of the GDP), but the agricultural and mining sectors are the most important for its exports. Australia is a vast agricultural country and one of the world's main exporters of wool, meat, wheat and cotton. The country is overflowing with mineral and energy raw materials, the export of which ensures it substantial revenues. Australia is among the top 10 producers and exporters of most mineral ores. It has the world's greatest reserves of numerous strategic resources such as uranium, of which it has 40% of the world's proven reserves.

Traditionally Australia is a finished goods importer. Its industrialization is fairly recent, a fact which explains the small scale of its manufacturing sector, which only employs 10% of the active population. The manufacturing industry is built up around the food industry (approximately a fifth of the workforce), machinery and equipment (around 20%), metal processing and metal goods (nearly 20%) and the chemical-petrochemical industry (slightly more than 10%).

 

Economic Overview

Australia is the world's thirteenth largest economic power.

News Related to International Trade in Australia

  • Will a corporate tax cut attract MNEs to the US and Australia? - Apr 17, 2017

    Rio Tinto has called on Australia and the US to cut their corporate tax rates to become more attractive investment locations, and it seems that Australian Prime Minister Malcolm Turnbull is listening to big businesses despite strong opposition. Will the US follow?

    Source: International Tax Review

  • Kenya: Australia Curtail Shujaa's Run in Singapore - Apr 16, 2017

    [Capital FM] Nairobi -Kenya will need to win their last match against Samoa to keep their hopes of defending the Singapore Sevens crown on track after losing their second group match, going down 29-7 to Australia.

    Source: All Africa

  • Australia’s FWO Taking Transpetrol to Court for Underpaying Crew - Apr 15, 2017

    Australia’s Fair Work Ombudsman (FWO) said that it has launchedlegal action against a Norwegian shipping companyTranspetrol TM Asalleging it underpaid foreign crew while they were working in Australian waters. The company is suspected ofunderpaying 61 crew membersmore than USD 255,000 and is facingthe Federal Court in Sydney. Specifically, the crew is said to be paidas […]

    Source: World Maritime News