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.
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
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.
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.
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
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.
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 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
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,
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 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.
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
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.
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.
Jeff M. - Import from China to Australia
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