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.
These two commodities alone represent over a quarter of all export earnings. 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.
Australia's second-largest export sector, services, accounts for nearly three quarters of our economy and more than four out of five Australian jobs.
Yearly Trade
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). The most common destination for the exports of Australia are China ($138B), Japan ($47B), South Korea ($29.4B), India ($20.5B), and Chinese Taipei ($13.2B).
In 2021, Australia exported $782M to Russia. The main products exported from Australia to Russia were Aluminium Oxide ($640M), Peptones ($10.4M), and Stone Processing Machines ($8.14M).
China-Australia In 2021, China exported $70B to Australia. The main products that China exported to Australia are Computers ($4.97B), Broadcasting Equipment ($4.09B), and Other Furniture ($1.82B).
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.
Export volumes of iron ore lumps and iron ore fines to China jumped 24.3% and 17.7% respectively from a month earlier, data from Australian Bureau of Statistics showed. Shipments of thermal coal to China surged 125% by volume in March from February, offsetting a drop in exports to Japan.
Our US$7.3 trillion financial sector includes the world's fifth largest pool of pension assets. Why Australia? Thanks to our strong economy, talented workforce, renewable energy resources, and open trade and investment, Australia is well placed to lead and innovate in the Asia-Pacific region.
Australia exports around 72% of the total value of agricultural, fisheries and forestry production. Export orientation of each industry can vary by commodity type. Wheat and beef, which are large sectors, are more export-focused than dairy, horticulture and pork (Figure 7).
Australia is the world's largest producer of opal and the world's largest exporter of coal. The country is also one of the top producers of iron ore, nickel, gold, uranium, diamonds, and zinc. New Zealand is an important producer of coal, silver, iron ore, limestone, and gold.
Australia's trade relationship with Ukraine is modest. Goods and services exports from Australia were valued at $39.5 million in 2020, primarily travel. In the same period, Australia imported $130.4 million worth of products from Ukraine, mainly vegetable oils and fats.
Australians are the richest people in the world, with a median wealth three times that of the average American, a new report has shown.
In terms of mean wealth, the average Australian adult had US$550,110 in 2021 after seeing an annual increase of US$66,350 in their net worth. This put Australia at number four in the world, after Switzerland, the United States and Hong Kong.
So why is the cost-of-living in Australia so high? One of the major reasons is inflation. A measure for household inflation, the Consumer Price Index, or CPI, increased by 2.1% in the first quarter of this year and 5.1% annually, according to data compiled by the Australian Bureau of Statistics (ABS).
Australia is the dominant exporter of iron ore, but Russia is also a significant producer. Russia is a much larger exporter of oil than Australia, and both countries are important sources of nickel, aluminium, copper, lead, zinc and gold. In agriculture, the two nations compete in the wheat and barley markets.
Russia was Australia's 46th largest trading partner in 2019, with the trade balance strongly favouring Australia. There is a modest level of two-way investment. Australian companies are active in the Russian resources sector, both as investors and as suppliers of advanced mining equipment.
Australia Imports from Russia of Crude Oil was US$248.63 Million during 2022, according to the United Nations COMTRADE database on international trade. Australia Imports from Russia of Crude Oil - data, historical chart and statistics - was last updated on April of 2023.
Australia is now a net importer (that is, we import more than we export) in six food categories: seafood, processed fruit and vegetables, soft drink, cordials and syrup, confectionary, bakery products and oils and fats. Some of the insights in the Story Map are surprising.
Imports In 2021, Australia imported $18.8B in Cars, becoming the 9th largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in Australia. Australia imports Cars primarily from: Japan ($7.17B), South Korea ($2.36B), Thailand ($2.04B), Germany ($1.76B), and China ($1.38B).