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Australian Industries

Australian Industries - Guide to Import & Export

Australian industries reviews will assist you in deciding what to import from China to Australia.  Look at the status and trends of the industry to identify its potential.  Contact the industry's trade association and attend trade fairs to obtain more information.  

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Australian Industries - Overview

What are the key Australia industries for import and export? Australia's major imports are computers, crude oil and machinery.  Their key exports are coal, gold, and meat.  Australia's abundant natural resources fuel the mining industry where coal, gold and diamonds are extracted from the earth.  Some of these minerals are used locally while some of them are exported to other countries.  Coal is used for fuel.  Gold and diamond are processed and used as raw materials to manufacture jewelry.  

The abundance of land in Australia supports the farming industry where the majority of the farmers raise sheep and cattle.  Other farm products include wheat, barley, sugarcane, peaches, apples, and grapes.  

Nine Categories of Australian Industries

  1. Agriculture and Related Industries

    According to the Australian Bureau of Statistics, Agricultural Commodities, there are almost one hundred and fifty thousand farmers in Australia supporting the number one export industry in the country.  

    The top three agricultural commodities are: cattle & calves, wheat and milk.  Australia is the leading producer of wool in the world.

    New South Wales, Victoria and Queensland are the top three states in Australia which supply the nation with agricultural products.

    The prices for the raw agricultural products tend to be low and volatile especially after deregulation and the removal of government protectionism in Australia.  Australia farmers must now respond to the global demand for these products.

    Aqua culture also plays in role in contributing to Australia's agriculture industry.  Australia's fisheries supply the world with abalone, oysters, shrimp, trout, lobster, salmon, scallops, tuna and pearls.

    Food processing is the leading manufacturing industry in Australia. Food, beverage and tobacco production not only meet the domestic demand but also the demand around the world.
  2. Computer, Telecommunications, and Information Technology Products

    The computer industry in Australia has experienced rapid growth due to the growing popularity of personal computers over the years. Telecommunications is another rapidly growing industry in Australia. Australia's goal is to become a major telecommunication center in the Asia-Pacific.

    The technology center of Australia resides in the state of Victoria when many of the technology companies are located. The bulk of the nation's technology workforce is employed here. The products of primary focus are software, personal computers, telecommunications products and computer networking products.
  3. Energy Products

    The concentration of Australia's energy resources is in the state of Western Australia.  It has an abundance of natural gas and oil reserves to supply the nation's needs for years to come.  The push for the removal of interstate barriers for natural gas distribution has helped to grow the industry.  The gas industry used to be mainly government operated but the trend has been towards privatization of the industry resulting in greater competition and lower prices for the consumer.  The energy products of focus are natural gas, liquefied natural gas, petroleum, oil and petroleum by-products.

4.  Manufacturing Products

Manufacturing Products are mainly exported once they are produced in Australia.  The largest partner for these goods is New Zealand. Manufacturing goods include: industrial machinery and other metal products, packaging products, clothing and footwear, textiles and tools and instrumentation.

Industrial Machinery and Other Metal Products

Industrial machinery and other metal products have been major drivers for the Australian economy.  Goods in this category include industry machinery and equipment, electric motors, lawn mowers, clothes washers and dryers.

Packaging

Packaging includes glass, paper, and plastic packaging products.  The majority of packaging products are used in the food and beverage industry.  So as the food and beverage industry grows, so too will the packaging industry grow.

Tools and Precision Instruments

Universities, government agencies and other research centers drive the demand for tools and precision instruments.  Some of these products include medical & laboratory equipment (for pathology and hematology labs), and scientific measuring instruments.

Clothing, Footwear, Textiles

The vast majority of the manufacturers of clothing, footwear and textiles are along the east coast of Australia in the states of Queensland, Victoria, and New South Wales.  The products include clothing (children, men, and women), shoes (formal, casual, and athletic), blankets, man-made fibers, cotton, wool, yarn and textile floor coverings.

Today, much of the textiles, apparel, and footwear are imported from other countries due to the elimination of the Australian government's import quotas on these products and the reduction of artificially high government tariffs.

5.  Mining Products

Australia is one of the world's top exporting countries of mineral products.  Its mining exports account for a significant proportion of Australia's total exports.  Coal, gold and iron ore are the country's top mining exports with coal being number one.  Other products include: diamonds, lead, bauxite zinc, mineral sands and nickel.  The government of Australia controls the mining industry because it grants rights for mineral exploration and it sets policies to ensure market realities.  The mining industry is competitive in spite of the lack of government protection tariffs.

6.  Services Industries

The services industry account for the majority of the Australian annual GDP.  The services industries vary from education & training, financial services, health services, and insurance.

Education & Training

The education and training industry has been growing in Australia due to retraining a high unemployed workforce, demands from foreign students in Australia for English courses and training high school students for more skilled and technical jobs.  The Australian government also allocates a portion of its annual budget to keep its workers trained and up to date on technological advances.

Financial & Business Services

Australia has one of the largest economies in the Asia Pacific.  It relies heavily on the financial and business services to drive the economy.  Sydney is the financial center of Australia where it is the home of the Australia stock market and the headquarters for the majority of the country's foreign and trading banks.  The Australian stock market is second only to that of Japan in the Asia-Pacific and it is one of the largest in the world.

Health Services

Health Services are both government and privately funded in Australia.  The categories of health services include: mental health, physiotherapy, oncology, cardiovascular, gerontological and obstetrics.  Community health services are steadily growing and playing a bigger role in delivering more specialized hospital-based services.

Insurance

The insurance industry in Australia has been steadily growing. However, the domestic market is over crowded with an abundance of insurers serving the small population of approximately 20 million Australians.

7.  Vehicles & Vehicle Parts

Many of the country's automotive and automotive goods headquarters are in the state of Victoria. Much of the vehicles are imported into Australia.  Australia has one of the highest concentrations of automobiles per capita in the world.  The automotive parts segment includes items such as leather upholstery, engine casing, and car security alarms.  Japan and the United States are the largest suppliers of the parts and accessories categories.

8.  Shipbuilding

As a country surrounded by water, it is expected that a shipbuilding industry will flourish.  Australia is a world leader in shipbuilding with much of its products exported to Asia and the Middle East.  Products include patrol vessels, high speed ferries and luxury yachts.

9.  Tourism

Tourism has experienced growth over the years with both domestic and international tourists playing a role.  Many of Australia's international tourists come from Asia especially Japan.  Australia as a destination that offers natural wonders for the tourist to enjoy.  Its capital of Sydney is cosmopolitan and is a huge tourist attraction.

The above nine industries drive the  growth of the Australian economy. Finding an area to focus on for your import from China business venture is key.  There are many opportunities for goods from China to fulfill a market in Australia.

In spite of Australia's strength in agriculture and minerals, the country has begun to shift to more manufacturing and services industries in recent times. Here is some more information on the key industries.

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Jeff M. - Import from China to Australia

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