_Australian trade - import & export in Australia
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Australian trade - in 2010, Australia was ranked as both the 19th highest importers and 19th highest exporters in the world. Imports and exports play a large role in Australian economy which is the fattest growing out of all the developed nations. This is helped by the strong trade ties with China, and the fast growth of the Chinese economy and their need of mineral and metal resources to sustain their growth, an area where there is an abundance of product to be exported from Australia.
Australian exporters
China is the largest importer of products from Australia, followed by Japan, S. Korea, India, US, UK and New Zealand. Australia's primary exports include, coal, iron ore, tin ore, gold, meat, wine, wool, meat and machinery.
Australian importers
China is also the largest exporter of product to Australia, accounting for around 19% of total good imported. Following China, are the USA, Japan, Thailand, Singapore, Germany and Malaysia. The most imported products to Australia include; machinery, computers, telecommunication equipment, crude oil and petroleum products, toys and electronics.
While Australia has a strong local manufacturing industry, many of these products are still imported from Asian countries due to their close proximity and low production costs.
Australian import export business
There are numerous opportunities for Australian businesses to start in the import export industry. First they need to identify the product that they would like to sell, and target a specific niche that will allow them to penetrate the market.
An import export business can start very small, with no stock inventory needed, and could even be started as a home business with no more than a computer, printer and fax.
The main part of success is to have reliable and trusting relationships with your product's suppliers. It is then a case of setting a profitable price that will allow market penetration, and building upon sales and establishing a good name for your import export business.
Australian trade
Australian trade - in 2010, Australia was ranked as both the 19th highest importers and 19th highest exporters in the world. Imports and exports play a large role in Australian economy which is the fattest growing out of all the developed nations. This is helped by the strong trade ties with China, and the fast growth of the Chinese economy and their need of mineral and metal resources to sustain their growth, an area where there is an abundance of product to be exported from Australia.
Australian exporters
China is the largest importer of products from Australia, followed by Japan, S. Korea, India, US, UK and New Zealand. Australia's primary exports include, coal, iron ore, tin ore, gold, meat, wine, wool, meat and machinery.
Australian importers
China is also the largest exporter of product to Australia, accounting for around 19% of total good imported. Following China, are the USA, Japan, Thailand, Singapore, Germany and Malaysia. The most imported products to Australia include; machinery, computers, telecommunication equipment, crude oil and petroleum products, toys and electronics.
While Australia has a strong local manufacturing industry, many of these products are still imported from Asian countries due to their close proximity and low production costs.
Australian import export business
There are numerous opportunities for Australian businesses to start in the import export industry. First they need to identify the product that they would like to sell, and target a specific niche that will allow them to penetrate the market.
An import export business can start very small, with no stock inventory needed, and could even be started as a home business with no more than a computer, printer and fax.
The main part of success is to have reliable and trusting relationships with your product's suppliers. It is then a case of setting a profitable price that will allow market penetration, and building upon sales and establishing a good name for your import export business.
Australian trade