What Does Australia Export? Australia's main export is iron ore, followed by their other most valuables exports coal, gold, and petroleum. These exports alone rake in $48.2 billion, $47 billion, $29.1 billion, and $20.3 billion, respectively.
Yearly Trade
During the last five reported years the exports of Australia have changed by $44.7B from $205B in 2015 to $250B in 2020. The most recent exports are led by Iron Ore ($79.6B), Coal Briquettes ($36.4B), Petroleum Gas ($26.8B), Gold ($17.7B), and Frozen Bovine Meat ($4B).
The biggest imports into Australia by dollar value are processed petroleum oils, cars, phone devices including smartphones, trucks, computers, crude oil and medication mixes in dosage. Collectively, those commodities represent 29.7% of the value for all products that Australia imported during 2021.
Individuals income tax. Individuals' income tax is the single most important source of government revenue. Since the mid 1970s it has consistently raised around half of the Australian Government's tax receipts and continues to be a stable and predictable source of revenue.
Australia is known for many things, including swathes of tropical beaches, marine reserves, Aboriginal culture, cute koalas, rolling wine country, and lush rainforests.
Australia is an important source of export cereals, meat, sugar, dairy produce, and fruit. Landholdings are characteristically large, specialized, owner-operated, capital-intensive, export-oriented, and intricately interlinked through the activities of producers' associations and government organizations.
The main products that Australia exported to Russia were Aluminium Oxide ($420M), Bovine ($43M), and Peptones ($10.6M). During the last 25 years the exports of Australia to Russia have increased at an annualized rate of 10.7%, from $45.9M in 1995 to $585M in 2020.
Trade In October 2022, the top exports of United States were Crude Petroleum ($11B), Refined Petroleum ($10.4B), Aircraft Parts ($8.69B), Petroleum Gas ($8.17B), and Soybeans ($5.72B).
The worth of financial assets would fall by one fifth on average, and by one quarter in Australia. An end to trade across a bamboo curtain would hit Australia, since we export more resources to China than anywhere else and we import more goods from China than anywhere else.
China is Australia's largest two-way trading partner in goods and services, accounting for nearly one third (31 per cent) of our trade with the world.
The United States and United Kingdom are the biggest investors in Australia, followed by Belgium, Japan and Hong Kong (SAR of China).
Australia is globally famous for its natural wonders, wide-open spaces, beaches, deserts, "The Bush", and "The Outback". Australia is one of the world's most highly urbanised countries; it's well known for its attractive mega cities such as Sydney, Melbourne, Brisbane, and Perth.
Living in Australia means encountering many opportunities; it is a young, multicultural and open country with an ever-growing economy. Australia's quality of life and unrivalled natural beauty make it the ideal destination for you if you have ever dreamed about improving your future.
Melbourne is considered by some to be the best city to live in Australia, and has even been ranked as the world's most livable city more than once. It's home to a thriving live music scene, late-night bars and laneways dotted with cafés and coffee shops.
The foundation of New Zealand's economy is the export of agricultural commodities such as dairy products, meat, forest products, fruit and vegetables, and wine. Dairy is the lead export commodity – in 2021 New Zealand dairy exports totaled approximately US$12 billion.