What is the main export of Australia?

What is the main export of Australia?

iron ore
Australia’s main export is iron ore, followed by their other most valuables exports coal, gold, and petroleum. These exports alone rake in $48.2 billion, $47 billion, $29.1 billion, and $20.3 billion, respectively. Of course, the country also ships other noteworthy items including food, wine, and cars.

What are the top 5 exports from Australia?

The 10 Biggest Exporting Industries in Australia

  • Iron Ore Mining in Australia.
  • Oil and Gas Extraction in Australia.
  • Coal Mining in Australia.
  • Liquefied Natural Gas Production in Australia.
  • Gold and Other Non-Ferrous Metal Processing in Australia.
  • Meat Processing in Australia.
  • Grain Growing in Australia.

What are 3 exports of Australia?

List of exports of Australia

# Commodity Value (A$ million)
1 Iron ores & concentrates 61,357
2 Coal 60,356
3 Education 32,434
4 Natural gas 30,907

What is Tuvalu’s main export?

Main exports are fish and related products mainly exported to Thailand, Japan and Australia. Tuvalu’s key imports include ship, boat and other floating structures, fuel, furniture and machinery. Major import partners are Japan, China, Malaysia, Australia and Singapore.

What is Australia’s biggest export to China?

Iron ore
Iron ore, gas and coal make up the bulk of Australian exports to China (more than AUD 79 billion), but Australian service industries – led by education and tourism – are a growing part of the trade relationship.

What is Australia’s biggest import?

Imports The top imports of Australia are Refined Petroleum ($16.8B), Cars ($15.8B), Crude Petroleum ($7.9B), Broadcasting Equipment ($6.37B), and Delivery Trucks ($5.84B), importing mostly from China ($52.7B), United States ($24.9B), Japan ($14.9B), Germany ($10.4B), and Thailand ($10B).

What is Tuvalu main source of income?

fishing licences
Government revenues largely come from fishing licences (primarily paid under the South Pacific Tuna Treaty); direct grants from international donors (government donors as well as from the Asian Development Bank); and income from the Tuvalu Trust Fund.

What has China banned from Australia?

China has “indefinitely” suspended key economic dialogue with Australia, the latest in a growing diplomatic rift between both countries. Relations have been on the decline since Australia called for a probe into the origins of the virus and banned Huawei from building its 5G network.

What is our biggest export to China?

The top export categories (2-digit HS) in 2019 were: electrical machinery ($14 billion); machinery ($13 billion); aircraft ($10 billion); optical and medical instruments ($9.7 billion); and vehicles ($9.1 billion).

What are Australia’s top 10 imports?

Australia’s Top Ten Imports

  • #1 Machinery (AUD$46.2 billion)
  • #2 Mineral fuels (AUD$43.9 billion)
  • #3 Vehicles (AUD$43.6 billion)
  • #4 Electrical machinery and equipment (AUD$37.1 billion)
  • #5 Medical/technical equipment (AUD$12 billion)
  • #6 Pharmaceuticals (AUD$11.8 billion)
  • #7 Gems and precious metals (AUD$9.5 billion)

What is Australia famous for producing?

Australia is an important source of export cereals, meat, sugar, dairy produce, and fruit.

What kind of equipment does Australia import and export?

Australians love using electrical equipment – so it contributed around 11.3% of Australia’s imports in 2018. By far, the number one electrical piece of equipment forming the bulk of Australian imports were mobile phones, including smartphones. This alone accounted for about AUD$12.3 billion in Australian imports.

Which is the largest export product of Australia?

Wool is another top export product of the country with Australia exporting wool worth $3 billion in 2015 and accounting for 25% of the total sold on the world market. The wool is produced in large sheep farms in all the states bar the Northern Territory with the total number of wool-producing sheep estimated to reach 70 million in the country.

Who are the top importers of Australia?

The top import origins are China ($47B), the United States ($20.5B), South Korea ($18.7B), Japan ($16.3B) and Thailand ($10.6B). Australia is an island and borders Indonesia, Timor-Leste, New Caledonia, New Zealand, Papua New Guinea and the Solomon Islands by sea.

What is the current merchandise trade surplus in Australia?

International Merchandise Trade, Preliminary, Australia 1 Exports of goods in May 2021 increased $3,794m (11%) to $39,208m 2 Imports of goods in May 2021 increased $146m (1%) to $25,892m 3 For May 2021 there is a goods trade surplus of $13,316m (original, current price, merchandise trade basis)