Due to critical stock levels we needed a fast solution to urgently meet growing client demand. 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 import of solar power products also increased significantly by 62% compared to 2017, as did electric generating sets and converters which increased by just over 52%. Australia’s top five export markets were China, Japan, the United States, South Korea and Indonesia. 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. Australian Agricultural Exports . China imports 43.2% of Australia’s annual copper ore exports and the second-largest destination is Japan (28.9%). A report from PriceWaterCoopers released in August 2019 called China Matters said that if China’s economic relationship with Australia waded, it could cost Australia half a million jobs and around $140 billion. 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. Some of the main players in the export of mineral fuels include Woodside Petroleum and Santos (oil and gas). By far, the number one electrical piece of equipment forming the bulk of Australian imports were mobile phones, including smartphones. We currently export more agricultural products than we import, with around 65 per cent of Australia's total agricultural production sent overseas. Last but not least, Australians continue to invest in home furnishings, explaining why the importation of furniture, bedding and lighting accounted for 2.1% of all imports. Diamonds alone generated about AUD$624 million in value whilst jewellery altogether formed about AUD$1.4 billion in import value. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. China continued to be the major destination for Australian produce, accounting for 30.3 per cent of the total value. The U.S. is Australia’s most important investor, representing around 27% of Australia’s foreign investment as of December 2018. Below we’ve put together a list of imports during 2018 ranked one to ten based on dollar value. Coming in at number nine are iron and steel articles, accounting for around 2.2 per cent of Australian imports in 2018. This not only includes computers but, interestingly, aircraft parts which we largely export to the United States. We have not put any extra restrictions on importing goods into Australia. Whilst Australians love their jewellery, our exports of gems and precious metals far outweigh those that we import.. Of particular note in the 21st century is the importation of ‘conflict diamonds’, which are diamonds generally sold by rebel movements in foreign countries to finance armed conflict against established governments. Plastic plates, sheets and tape also rose to account for about $1 billion in import value. 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. Australian governments continue to crack down on this illicit trade whilst supporting genuine diamond imports. Information presented under other virtual folder tabs is at the more granular 4-digit level. Australia’s landscape is rich in precious minerals, and industry has taken full advantage. 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. Whilst we love our Weet Bix and Fruit Loops, cereal is a top export of Australia accounting for just under 2% of all exports. Australians love their jewellery and this plays a critically important role in international trade. The Australia-Japan economic relationship grew closer with the signing of the Japan-Australia Economic Partnership Agreement (JAEPA), which came into effect on 15 January 2015. 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. Australia is a major producer of raw materials and processed foods but imports a growing volume of food and beverages. The above list captures a snapshot of Australia’s current international trading environment. This was a significant increase from the previous year. 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%). Australian Agriculture Exports . Australia is a major producer of raw materials … Australia is one of world’s largest exporters of coal, iron ore, lead and diamonds, with ores forming around 23.5% of Australian exports. Two-way trade also exceeded $30 billion in 2018. Tying for #9 is electrical, optical and medical equipment which both account for 1.3% of Australian exports. Wheat is another top agricultural export with the country exporting over 16 million tons in 2016 according to the Australian Bureau of Agricultural and Resource Economics and Science (ABARES). This alone accounted for about AUD$12.3 billion in Australian imports. Further, to be eligible to export retorted beef and beef products and heat-processed beef flavors to Australia, the slaughter and processing establishment (fabricators/further processors) must implement a USDA Export Verification (EV) Program, QSA 1030BB for Australia, that is approved by USDA's Agricultural Marketing Service (AMS). Wheat alone accounted for around $4.5 billion in Australian exports. Australia is the leading exporter of coal briquettes with a 40.3% share of an annual export market worth $142 billion. 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. The Australian Government has a number of policies that seek to develop and assist Australian businesses involved in international trade. Meat is a huge industry in Australia, valued at around $10.2 billion in exports. Subscribe to Import Industry Advice Noticesto keep up to date on any changes. 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). Australia Food and Agricultural Import Regulations and Standards - Narrative FAIRS Country Report - 2010 Approved By: Grant Pettrie, Agricultural Counselor Prepared By: Lindy Crothers, Agricultural Marketing Specialist Report Highlights: All sections of this report have been reviewed and updated to reflect new or updated laws and regulations. Alibaba offers 36 Australia Agricultur Import Suppliers, and Australia Agricultur Import Manufacturers, Distributors, Factories, Companies. The grain industry in Western Australia plays an important part of this, as it’s the largest agricultural sector in the whole State. Read until the end if you want a BONUS INFOGRAPHIC on “The 5 most lucrative industries for small businesses in Australia”. Since this agreement came into effect in January 2005, exports of American goods into Australia increased by over 91%. Agricultural exports accounted for 10.8 per cent of Australian goods and services exports. Australians love using electrical equipment – so it contributed around 11.3% of Australia’s imports in 2018. 2020 is set to be a big year as Australia seeks further opportunities in growing Asian markets that are becoming increasingly reliant on Australian minerals and energy. Below is a list of Australia’s top ten exports. As the housing market is slowly recovering with the reduction in interest rates, we anticipate this sector will continue to grow. It therefore continues to rely on Australian agriculture, education, tourism, energy and financial services. Australian export and import laws. Australia enjoys a trading surplus with Japan caused by the low self-sufficiency rate of Japan, especially in food. All states except Western Australia recorded export growth in 2019/20, with Tasmania exporting more than $1 billion in value for the first time. 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