Thursday, April 24, 2014

International Australia

Australia's primary trading partners are Asian markets nearby, European Union countries, and the United States.

Australia's top 10 export markets (A$ million)
                                       Goods         Services Total       % share Rank
China                             77,973         6,662              84,635    28.1 1
Japan                             46,481         2,101              48,582    16.1 2
Republic of Korea        19,116         1,698              20,814      6.9 3
United States                 9,022          5,507              14,529      4.8 4
India                            11,418         1,844 13,262 4.4 5
New Zealand                 7,309         3,559 10,868 3.6 6
Singapore                      6,420         3,584 10,004 3.3 7
United Kingdom            5,520         3,927 9,447 3.1 8
Taiwan                          7,531         647 8,178      2.7 9
Malaysia                 5,197         1,663 6,860      2.3 10
Total exports                 249,088     52,411 301,499 100.0


Australia's top 10 import sources (A$ million)
                                 Goods      Services Total %      share Rank
China 44,478 1,864 46,342 14.5 1
United States 27,980 11,375         39,355 12.3 2
Japan 18,346          2,302 20,648 6.5 3
Singapore 14,329 4,626 18,955            5.9 4
Thailand                    11,129 2,433 13,562 4.2 5
Germany 10,930 1,465         12,395            3.9 6
United Kingdom 6,365 5,201         11,566 3.6  7
Malaysia                     8,936 1,274 10,210 3.2 8
New Zealand 7,068 2,980 10,048           3.1 9
Republic of Korea 9,214             454           9,668           3.0 10
Total imports 255,391        63,959 319,350 100.0

Australia's top 10 imports, goods and services (A$ million)
Rank Commodity                                             2012-13
1   Personal travel (excl education) services 21,990
2   Crude petroleum                                     20,187
3   Passenger motor vehicles                         17,330
4   Refined petroleum                                       16,854
5   Freight transport services                               9,144
6   Telecom equipment & parts                           8,916
7   Medicaments (incl veterinary)                       8,051
8   Goods vehicles                                             7,698
9   Passenger transport services                          7,151
10   Computers                                                   6,650

Australia's top 10 exports, goods and services, (A$ million)
Rank Commodity                                         2012-13
1 Iron ore & concentrates                              57,082
2 Coal                                                         38,640
3 Gold                                                        15,301
4 Education-related travel services        14,461
5 Natural gas                                               14,271
6 Personal travel (excl education) services 12,583
7 Crude petroleum                                          9,719
8 Wheat                                                        6,750
9 Aluminium ores & conc (incl alumina)         5,565
10 Copper ores & concentrates                        5,352

Source: http://dfat.gov.au/publications/tgs/index.html

The Current exchange rate is $0.93 AUD for $1 USD.  This value has fluctuated between about 0.86 and 1.04 over the last year.

Australia is one of two countries to have over 25% of current residents born outside of its borders.  Immigrants make up 26.8% of the population, at a total of 5,993,945.  Most of the immigrants come from nearby countries like China and New Zealand, but there are a large number of Europeans, especially from the United Kingdom.



Largely, those leaving Australia were born in a different country, and are returning to their country of origin.  In 2012-2013, 91,737 people left Australia. of these, only 43,423 were Australian-born.  Most of these people went to the United Kingdom, United States, and New Zealand.

Australia's main ally is New Zealand, through the ANZAC agreements, with the United States in second.  Australia is also a member of the United Nations.  Economically, Australia has free trade agreements with China, South Korea, the United States, New Zealand, and Chile.  

Australia has had little by way of military conflicts, though they have sent troops to aid in the United States, and other military actions.  

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