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.
Starting from gemstones, Tim Tams to wine, Australia has much to offer to its visitors when it comes to shopping. People can purchase things like Opal gemstones, Kangaroo leather products, vegemite, tree tea oil, Australian wine, traditional arts and handicrafts and many more.
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What is Australia famous for?
Australia is known for many things, including swathes of tropical beaches, marine reserves, Aboriginal culture, cute koalas, rolling wine country, and lush rainforests.
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).
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).
This was closely followed by food and liquor (69.5%) and home and garden (61.2%). Fashion online retail experienced year-over-year growth of 43.8%, while hobby and recreational goods reported 41.5%. Health and beauty (34.1%) and media (30.1%) had the lowest year-over-year increase.
Australia has plentiful supplies of natural resources, including the second largest accessible reserves of iron ore in the world, the fifth largest reserves of coal and significant gas resources. For a long time, commodities have made up a sizeable share of our exports.
The majority of the agricultural commodities produced in Australia are sold to international markets with 80% of all wheat, 90% of all wool and over 50% of barley being exported to various international destinations.
