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

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    China Blueprint is the leading Australian boutique consultancy companies facilitating business and investment between Australia and...
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    Welcome to OneWorld Communications. We are a full-service advertising agency in San Francisco California with international...

Business Tips About Australia (145)

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    Established in 2004, Anderson's specialises in international business development, primarily in South East Asian countries and the...
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    Sales Sense

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    Mike Schoettler is an entertaining pragmatist who blends humor and pathos with his own personal experience. Combining a background of...

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.

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