Asked by: Iulica Pastreiter
business and finance metals industry

What is Australia's biggest export?

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At the more granular four-digit Harmonized Tariff Systemcode level, Australia's most valuable exportedproducts are coal followed by iron ores and concentrates, petroleumgases then gold.


Moreover, what are Australia's top exports?

The top exports of Australia are Iron Ore($48.2B), Coal Briquettes ($47B), Gold ($29.1B), Petroleum Gas($20.3B) and Wheat ($4.88B), using the 1992 revision of the HS(Harmonized System) classification.

Also Know, what type of products does Australia mostly export and why? That means minerals including iron ore, coal, gold andnatural gas, as well as agricultural products includingbeef, wool, cotton, chickpeas, lentils, sugar and wine. ButAustralia's third most important export bydollar value is actually a service: education.

Likewise, what are Australia's biggest imports?

Australia's Top 10 Imports

  • Machinery including computers: US$31.9 billion (14% of totalimports)
  • Mineral fuels including oil: $30.3 billion (13.3%)
  • Vehicles: $30.1 billion (13.2%)
  • Electrical machinery, equipment: $25.6 billion (11.3%)
  • Optical, technical, medical apparatus: $8.3 billion (3.7%)
  • Pharmaceuticals: $8.2 billion (3.6%)

What does Australia import from Hong Kong?

Hong Kong is an important source of foreigninvestment for Australia. Key Investment sectors includeelectricity supply, natural gas, mining, transport, foodprocessing, port infrastructure, light industry, insurance,engineering, telecommunications and biotechnology.

Related Question Answers

Corrinne Stegbauer

Professional

What does China buy from Australia?

Iron ore and coal make up the bulk of Australian exportsto China (more than $49 billion), but Australian serviceindustries – led by education and tourism – are agrowing part of the trade relationship.

Mehwish Vogler

Professional

Who are Australia's top 5 trading partners?

Australia's Top Trading Partners
  • China: US$74 billion (29.2% of total Australian exports)
  • Japan: $26.2 billion (10.3%)
  • South Korea: $13.6 billion (5.4%)
  • India: $10.1 billion (4%)
  • United States: $9.2 billion (3.6%)
  • Hong Kong: $7.9 billion (3.1%)
  • New Zealand: $7.1 billion (2.8%)
  • Taiwan: $6.7 billion (2.6%)

Yunyan Morera

Professional

What food does Australia export?

The main agricultural exports of Australiainclude beef, wheat, meat, and wool. The horticultural industry isanother key player with several fruits and vegetables locallyproduced being exported including tropical fruits such asmangoes, bananas. and citrus fruits.

Lianying Fages

Explainer

What are the top 10 exports of Australia?

Australia's Top 10 Exports
  • Mineral fuels including oil: US$87.7 billion (34.6% of totalexports)
  • Ores, slag, ash: $59.7 billion (23.5%)
  • Gems, precious metals: $16.1 billion (6.3%)
  • Meat: $10.2 billion (4%)
  • Inorganic chemicals: $8.2 billion (3.2%)
  • Cereals: $4.9 billion (1.9%)
  • Machinery including computers: $4.8 billion (1.9%)

Saturia Teller

Explainer

What is Australia's biggest industry?

What Are The Biggest Industries In Australia?
  • Service Industry. Service industry comprises over 70% of theGDP.
  • Tourism. Australia is one of the most desirable traveldestinations because of its beautiful natural landscape, coastalareas, red deserts, and rainforests.
  • Healthcare.
  • Media and Entertainment.
  • Finance.
  • Mining.
  • Manufacturing Industry.
  • Agriculture.

Clarisse Wiechert

Explainer

Who does Australia export to?

Economy of Australia
Statistics
Exports A$438.1 billion (2018)
Export goods coal, iron ore, natural gas, gold, aluminium, beef, crudepetroleum, meat (non-beef), wheat
Main export partners China 31.1% Japan 13.4% South Korea 6.1% United States 5.3%India 5.1% New Zealand 3.4%
Imports A$414.9 billion (2018)

Izkander Sanfelix

Pundit

What does Mexico export to Australia?

Australia's exports to Mexico amounted to$598 million USD and include: aluminium, medicament's, copper oresand concentrates. Mexico's exports to Australia amounted to$1.05 billion USD and its export products include: lead oresand concentrates, telecom equipment and parts, fertilizers andpassenger motor vehicles.

Maile Kalisz

Pundit

What does Australia export to America?

U.S. exports to Australia account for 1.5%of overall U.S. exports in 2018. The top exportcategories (2-digit HS) in 2018 were: machinery ($4.5 billion),vehicles ($3.5 billion), optical and medical instruments ($2.3billion), electrical machinery ($2.2 billion), and aircraft ($2.2billion).

Armin Harispe

Pundit

What percentage of mainland Australia is desert?

Named deserts of Australia cover 1,371,000square kilometres (529,000 sq mi), or 18% of the Australianmainland. However, approximately 35% of the Australiancontinent receives so little rain it is effectivelydesert.

Bhrigu Srijoy

Pundit

Why are exports important to Australia?

For the same reasons as it is important forAustralia to export. There are both macroeconomicreasons and microeconomic reasons. Exports, also growthprospects for the state and for the nation, and creatingexport industries, helps assist the workers by providinghigh quality jobs with good career prospects.

Manjinder Sust

Pundit

What does Japan export to Australia?

In 2017, Australia's major merchandiseexports to Japan included LNG, coal ($16.5 billion),iron ore ($5.6 billion), beef ($2 billion), and copper ores andconcentrates ($1.3 billion).

Jerrold Villafaina

Teacher

What countries import to Australia?

Top import sources
Rank Country Share of overall imports
1 China 17.7%
2 United States 12.6%
3 Japan 6.6%
4 Thailand 4.6%

Co-Authored By:

EveryThingWhat Staff Editor

11

29th February, 2020

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