Yearly Trade During the last five reported years the exports of Australia have changed by $139B from $204B in 2016 to $343B in 2021. The most recent exports are led by Iron Ore ($118B), Coal Briquettes ($54.3B), Petroleum Gas ($39.2B), Gold ($17.6B), and Wheat ($7.36B).
What Does Australia Export? Australia's main export is iron ore, followed by their other most valuables exports coal, gold, and petroleum.
Primary products still represent the majority of Australia's top exports, with beef and wheat the largest agricultural sources of export earnings, and oil and gas, gold and other metals representing the other top goods exports.
According to the Minerals Council of Australia, iron ore is the country's largest source of export revenue.
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.
What Australia is well known for? 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.
Yearly Trade
During the last five reported years the exports of Australia have changed by $139B from $204B in 2016 to $343B in 2021. The most recent exports are led by Iron Ore ($118B), Coal Briquettes ($54.3B), Petroleum Gas ($39.2B), Gold ($17.6B), and Wheat ($7.36B).
Australia is the world's leading producer of bauxite, alumina, rutile and tantalum; the second largest producer of uranium, lead, ilmenite, zircon and lithium; the third largest producer of iron ore, and zinc.
China remained Australia's largest trading partner in 2021–22, accounting for 27% of our two-way trade. Japan and Korea account for a further 18%. Many Australian companies are diversifying their export markets, and the ASEAN region now accounts for 14% of total trade.
Australia is one of the most multicultural countries in the world, and home to the world's oldest continuing culture. We have a highly skilled workforce and a proud history of democracy and stable government.
They have now displaced leisure travel services as Australia's largest service export. Indeed, education exports are now Australia's third largest export, behind only coal and iron ore.
China remained Australia's largest two-way trading partner in 2018-19 and was our largest export market and import source.
Australia is known for many things, including swathes of tropical beaches, marine reserves, Aboriginal culture, cute koalas, rolling wine country, and lush rainforests.
There are endless reasons why Australia is popular. From the incredible landscapes from beautiful beaches to Kakadu national park, the diverse wildlife, the people, the atmosphere and the culture of Australia all play a part. Australia is one of the best countries in the world to visit.
Australia ranks amongst the highest in the world for quality of life, health, education, economic freedom, civil liberties and political rights.
Australians wanting to be in the country's top 1% for wealth need to have an individual net worth of US$5.5 million ($8.3 million), Knight Frank's 2023 Wealth Report has found.
Australian household incomes are the seventh-highest in the OECD – a club of mostly wealthy countries – while mean household net worth is third-highest, behind only the United States and Luxembourg. The average household in the OECD has a yearly disposable income of $US30,490, compared to $US37,433 in Australia.
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's main imports from China are manufactured goods, which were worth more than AUD 21 billion in 2018 and is led by telecommunication equipment, IT products, furniture and homewares. The entry into force of the free trade agreement in 2015 was set to broaden and deepen the trade relationship.
Around 72% of agricultural production is exported
Wheat and beef, which are large sectors, are more export-focused than dairy, horticulture and pork (Figure 7).