Australia's exports include iron ore, gold, meat, wheat, natural gas, coal, agricultural products, aluminum, machinery, mining, wool and transportation equipment. Australia's agriculture sector contributes a great deal to the nation's export economy, and the country is the fourth largest exporter of wine in the world. Australia's primary trading partners include Japan, China, India and South Korea.Continue Reading
Australia is considered a wealthy country that also gets its revenue through banking, telecommunications and manufacturing. It exports approximately $251.7 billion worth of goods, as of 2013. The country has placed more of an emphasis on exports rather than manufacturing products, which has increased Australia's terms of trade on the world stage because of rising commodity prices.
Australia was also the only post-industrialized economy that avoided the world economic downturn that took place from 2008 to 2009. However, Australia's partners have suffered economic recessions, which has also affected Australia's export economy. Nations that heavily import Australia's products are China, the United States, Japan, South Korea and New Zealand.
Australia exports 54 percent of its mined coal, but the commodity also accounts for 85 percent of the country's electricity needs. Countries in East Asia are the primary consumers of Australian coal. The nation also exports 60 percent of its agricultural goods.Learn more about Industries