The importance of the Asia-Pacific region as a source of world and
regional economic growth means Australia is a strategic location for
international business opportunities in Asian markets. The economy
of Australia was ranked in the top 3 economies in the Asia-Pacific region for its competitiveness.
Australia is well
positioned to take advantage of on growth in People's Republic of China and India.
The relative proximity of Australia to India and China and his strong
bilateral trade links represents a
important competitive advantage.
Australia is an important trade and Foreign direct investment
- 20% of
Gross domestic product (GDP) of Australia is generated from exports
- 36% of the GDP is generated from Foreign direct investment (FDI) stock.
- The economy of Australia is mainly services-based
(60% of Australian economic activity).
- Australia has a top rank financial services
Foreign trade of Australia
- Exports: $176.7 billion (2009)
- Main export products: coal, iron ore, gold, meat, wool, alumina, wheat, machinery and transport equipment.
- Major Export markets: China, Japan, South Korea, India,
United States and United Kingdom
- Imports: $180.5 billion (2009)
- Main import products: machinery and transport equipment, computers and office machines, telecommunication equipment and parts; crude oil and petroleum products.
- Major suppliers: China, United States, Japan, Thailand, and Singapore.
Asia Pacific economies account for 68% of the
external trade in products and services of Australia.
- The United States is one of the top trade partners of
product, the US is the major services partner
- Japan, Indonesia, Singapore, the European Union and China has been the majors export markets of Australia.
Examples doing business in Australia