It will help you to determine what import conditions exist and if an import permit is required. Below is a list of Australia’s top ten exports. According to Meat and Livestock Australia, lamb export values were expected to peak in 2019 because of increased Chinese demand for Australian red meat. Tying for #9 is electrical, optical and medical equipment which both account for 1.3% of Australian exports. Some of the main players in the export of mineral fuels include Woodside Petroleum and Santos (oil and gas). As the housing market is slowly recovering with the reduction in interest rates, we anticipate this sector will continue to grow. Australia is an important source of export cereals, meat, sugar, dairy produce, and fruit. Aluminium represents around 1.5% of Australian exports. From getting all the latest updates delivered to your inbox once a month. In 2017, we exported nearly 14.9% of all our goods to Japan and largely sent over coal, LNG, iron ore, beef and copper ores. Australia has a rich history of exporting grass fed beef, lamb button as well as live cattle and sheep. Australia has strong trade ties with the rest of the world. Presented with this challenge, ICE quickly identified appropriate freighter services and proactively managed the movement of goods end to end. Below you’ll see a list of our five most important trading countries, calculated by those countries that imported the most Australian shipments by dollar value during the year 2018. Wheat accounts for 12.5% of all agricultural products exported from the country. Although Australia is the driest nation in the world, with most of the country being desert, the nation is a major agricultural producer and exporter, with over 325,300 employed in agriculture, forestry and fishing as of February 2015. This equated to 13.6 per cent of the total value of Australia's goods and services exports that year. Livestock experienced the largest growth rate in 2019/20, with the value of cattle industry exports increasing by 16.6 per cent (+$2 billion) and sheep increasing 3.3 per cent (+$141.7 million). Its location has also allowed Australia to become a major supplier to markets in the Asia-Pacific region. Australia - Trade BarriersAustralia - Trade Barriers Includes the barriers (tariff and non-tariff) that U.S. companies face when exporting to this country. There are 15 OEM, 14 ODM, 5 Self Patent. Australia exported $50.1 billion worth of agricultural produce in 2019/20, the second highest year on record despite a year-on-year decline of $601.4 million. Chinese supporters rally outside Parliament House during the … Australia supplied China with nearly half of its liquid natural gas (LNG) in 2018-2019, more than any other nation. Australia imports mainly all its oil and is on the path to becoming 100% reliant on imports for petroleum in 2030. This was a significant increase from the previous year. The following types of Australian product shipments represent positive net exports or a trade balance surplus. Food and Agricultural Import Regulations and Standards - Narrative Australia AS1723 Required Report - public distribution . The Australian Department of Agriculture and Water Resources ( DAWR ) is the federal body responsible for enforcing Australia’s quarantine regulations, including issuing permits and inspecting shipments. In 2019, the Department of Health permitted the bulk import of medicinal cannabis by licenced manufacturers approved by the Therapeutic Goods Association (TGA). The strategy recommends important courses of action such as increased direct air services between the two countries, the creation of an Australian consortium of universities to include India’s proposed technology institutes and the establishment of an Australia-India Infrastructure Council. Hu noted that China has increased agricultural imports from the US under the two countries' phase one trade deal, which has squeezed some of Australia's market share. Information presented under other virtual folder tabs is at the more granular 4-digit level. 2018 was a massive year for aluminium, which reportedly increased by almost 120%. The economies of Australia and South Korea are closely interdependent, with South Korea importing nearly AUD$19.6 billion worth of goods from Australia (around 5.4% of exports). We have not put any extra restrictions on importing goods into Australia. The department works with the import cargo and shipping industries to protect Australia from harmful pests and diseases. Australians love their jewellery and this plays a critically important role in international trade. In 2018, the country exported around $387.8 billion worth of goods internationally, which was a gain of about 10.5%. Australians import everything ranging from computers and generators to centrifugal pumps, which are essentially ‘capital’ goods that help Australians make other goods. Leading the decliners were Australian imports of vehicles (down -11.2%), articles made from iron or steel (down -11%) then mineral fuels including oil (down -10.5%). http://www.worldstopexports.com/australias-top-10-imports/ Recently, India’s focus has largely been an investment in infrastructure with the construction of new highways, cities, railways, airports and water projects. Vehicles account for over 13% of Australia’s imports. At the same time, Australia’s economy largely relies on China. Australia is an export nation, generating yearly exports of around $195 billion and importing around $187 billion per year. Australia exports a great deal more agricultural produce than it imports. We are the largest exporter of beef to the United States, whilst we also export products like aircraft and pharmaceutical products. India is the world’s sixth largest economy and our fourth largest trading partner, importing over $14.5 billion worth of Australian goods. Agricultural Imports Of Australia. Coming in at number nine are iron and steel articles, accounting for around 2.2 per cent of Australian imports in 2018. Michael Caiacob – Purchasing and Supply Officer. Coming in as no surprise at number one is China, who has consistently and by far been our most important trading partner for many years. Australia has not seen bulk wholegrain imports since the 2002/2003 season, and in the past, whole grain imports have been heavily regulated by Government. In 2016, the Federal Government placed import duties on Chinese steel in an attempt to assist local Australian steel producers, following recommendations from the Anti-Dumping Commission. Plastic is a large international business, and it accounted for about 2.8% of Australian imports in 2018. Communication between ICE and my supplier is very good and I receive information via my shipper before my supplier. Just over half of Australia’s imported refined petrol is imported from refineries in Singapore, followed by refineries in South Korea and Japan. Australia is a major producer of raw materials and processed foods but imports a growing volume of food and beverages. U.S. exports of consumer ready food products to Australia have risen steadily over recent years and in 2013 were valued at $1.07 billion. 2 DISCLAIMER: This report has been prepared by the Office of Agricultural Affairs, USDA/Foreign Agricultural Service in Canberra, Australia for U.S. exporters of domestic food and agricultural products. The grain industry in Western Australia plays an important part of this, as it’s the largest agricultural sector in the whole State. Subscribe to Import Industry Advice Noticesto keep up to date on any changes. This not only includes computers but, interestingly, aircraft parts which we largely export to the United States. The cattle industry experienced the largest increase in export value growth in 2018/19, up by $1.9 billion to $12.3 billion, a bittersweet result... Australian agri-food exports hit $50.1 billion, Rural Bank - A Division of Bendigo and Adelaide Bank Limited, © Copyright 2021 Rural Bank | ABN 11 068 049 178 | AFSL/Australian Credit Licence 237879, China’s share of Australian agricultural exports, Australian Agricultural Trade Annual Review 2017/18, Australian Agriculture Trade Performance 2016/17 Report. Current travel restrictions may cause delays. Australia enjoys the benefits of numerous free trade agreements with other countries whilst importing and exporting several goods ranging from machinery and minerals, to meat and aluminium. Australian agricultural exports hit $50 billion despite drought and pandemic. Australia is the leading exporter of coal briquettes with a 40.3% share of an annual export market worth $142 billion. Australia’s landscape is rich in precious minerals, and industry has taken full advantage. The Australia-China economic relationship is only getting stronger after the two countries signed the China-Australia Free Trade Agreement (ChAFTA) which entered into force in December 2015. This is not surprising given the investment in infrastructure and construction around Australia. The country has achieved a positive trade balance of around $8 billion, yet we also rely heavily on imports. Exports of goods and services from Australia rose by 3 percent from a month earlier to a seven-month high of AUD 36.39 billion in November 2020, amid improving global demand. The imports of plastic tableware and toiletry alone rose by 5.7% in 2018 to about $706 million in value. Pharmaceuticals account for about 3.6% of Australian imports. The industry association reported that from January to November 2019, lamb exports were up 5% from 2018. Trade and investment have also been boosted by the Korea-Australia Free Trade Agreement (KAFTA), a comprehensive free trade agreement that has allowed for the removals of tariffs and greater access in into the South Korean market for Australian business. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. https://commodity.com/australia/ The U.S. is Australia’s most important investor, representing around 27% of Australia’s foreign investment as of December 2018. American trade with Australia underpins about 300,000 U.S. jobs. A core part of Australia's international trade policy agenda is the commitment to remove distortions in global agricultural markets and seek improved market access conditions for Australian exporters. We currently export more agricultural products than we import, with around 65 per cent of Australia's total agricultural production sent overseas. The 10 year CAGR of agricultural commodities ranges from -1.1 per cent for dairy to 17.7 per cent for cotton. BICON houses the Australian Government's Biosecurity import conditions database for more than 20,000 plants, animals, minerals and biological products. China continued to be the major destination for Australian produce, accounting for 30.3 per cent of the total value. In this article, we’ll explore some of the industries that make up Australia’s international trade as well as who are the most important partners and players for Australian imports and exports. Find out about our biosecurity requirements and your responsibilities for importing goods to Australia. Australia is one of world’s largest exporters of coal, iron ore, lead and diamonds, with ores forming around 23.5% of Australian exports. Your email address will not be published. Representing around 2.9% of Australian imports, gems and precious stones are at #7 on the list. India (25.1%), Japan (24.1%), and China (18.6%) are the top importers of coal briquettes from Australia. Included in the mix were also phone system devices, which represented $1.4 billion of Australian exports. Recently, the import of medical cannabis has become a topic of much discussion. Our economic relationship is founded on the Australia-United States Free Trade Agreement (AUSFTA). China continues to place strong importance on its agricultural sector. #2 Mineral fuels (AUD$43.9 billion) Australia’s top five export markets were China, Japan, the United States, South Korea and Indonesia. United States are Australia’s top sources of imports, accounting for 53.9 per cent of agricultural imports. Japan is also the largest export market for Australian beef accounting for 35.8% of all beef exports to the world market. This section also includes information about the department’s approved arrangements and high risk cargo pests. Australia’s chemical industry has expanded significantly in recent years, now accounting for around 3.2% of Australian exports. Australian export and import laws. Please note that the results listed above are at the 2-digit Harmonized Tariff System code level. Whilst Australia produces a significant amount of oil, we export a large portion (around 75%) of our crude production largely to Indonesia and Singapore. hbspt.forms.create({ Australian governments continue to crack down on this illicit trade whilst supporting genuine diamond imports. DISCLAIMER: This report has been prepared by the Office of Agricultural Affairs, USDA/Foreign Agricultural Service in Canberra, Australia for U.S. exporters of domestic food and agricultural products. In 1998 agricultural exports from Australia were estimated at US$15.14 billion, in comparison to the US$3.11 billion worth of agricultural imports for the same year. It is the world’s 2nd largest agriculturalgoods importer and 7th largest exporter. Diamonds alone generated about AUD$624 million in value whilst jewellery altogether formed about AUD$1.4 billion in import value. Earlier this year, United States President Donald Trump expressed concern with the Australian aluminium trade but Australia managed to avoid U.S. tariffs on steel and aluminium when they were imposed in 2019. Australia Agriculture Imports The wheat is grown on large scale plantations in Western Australia, South Australia, South Wales and Queensland. Representing about 14% of Australian imports, machinery formed Australia’s largest import in 2018. The largest companies involved include BHP Billiton, Fortescue Metals Group and Orica. The export is integral to Australia’s industry and played an especially important role during the mining boom in the 2000s and early 2010s. Previous permits demanded the grain was restricted to the Metro area unless it was heat treated, to ensure biosecurity standards and protect Australian agriculture. The Department of Agriculture and Food, Western Australia (DAFWA) provides dedicated services to potential and existing agrifood exporters to assist in increasing the State's exports and facilitate investment in the sector. Overall Australia generated a $58.2 billion surplus in 2019 up by 119.3% from $26.5 billion one year earlier. Simultaneously, Australia largely relies on Japan for goods such as passenger vehicles, gold and refined petroleum. This alone accounted for about AUD$12.3 billion in Australian imports. Australia is a major producer of raw materials … Australia is an important player in the international trade of goods and services as we have traded with dozens of overseas countries throughout the centuries. Coal Briquettes. We at ICE Cargo can help you take advantage of the free trade agreements Australia has to offer and the other numerous opportunities in overseas markets. The level of machinery imports has consistently been high, also representing $47.2 billion worth of Australia’s imports in 2016. Read until the end if you want a BONUS INFOGRAPHIC on “The 5 most lucrative industries for small businesses in Australia”. This includes goods like electro-medical equipment such as x-rays and blood fractions. Exports of rural goods increased 6 percent to AUD 3.59 billion, boosted by meat & meat preparations. Whilst Australia has no free trade agreement with India (the countries having shelved negotiations for the Australia-India Comprehensive Economic Cooperation Agreement), Australia recently implemented its India Economic Strategy to 2035 which recognises the importance of the Australian economy to India’s growth. COVID-19: Importing Face masks, Hands Sanitisers and PPEs, ICE’s commitment to Chain of Responsibility, consumers can import cannabis that you can find on the TGA’s website, we are currently enjoying a ‘Mining Boom 2.0’, expressed concern with the Australian aluminium trade, embroiled in a trade war with the United States, free trade agreements Australia has to offer, http://www.worldstopexports.com/australias-top-10-imports/, http://www.worldstopexports.com/australias-top-10-exports/, Vessel Schedules & Cargo Tracking Quick Sheet. The United States is also integral to Australia’s economic growth, with the U.S importing nearly $13.2 worth of Aussie imports in 2018 (accounting for about 3.6% of Australian exports). formId: "d5caf695-a8a0-4ee7-9bcb-ddc1341c40a8" In 2016 the value of Australia's agriculture exports was $44.7 billion – approximately 14 per cent of our total goods and services exports. As mentioned above, Australia is an export nation gaining most GDP growth from overseas trade. Australians import everything ranging from computers and generators to centrifugal pumps, which are essentially ‘capital’ goods that help Australians make other goods. Mineral fuels represent around 13.3% of Australian imports, and this rapidly grew by around 33% from 2017 to 2018. From 2016 to 2018, the value of trade between the two countries increased largely because of Australia’s Inpex Ichthys and Prelude LNG Projects, which largely relied on the imports of LNG floating platforms from South Korea. 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