IMPORT AND EXPORT
Australia is well-renowned for high-quality exports, with a 19% increase in the value of the industry in 2017, reaching $291.6 billion. While there is a large portfolio of goods and services exported, minerals and fuels continue to dominate, comprising 45.5% of total exports within the last financial year. They were followed by services, manufactured goods and food, with primary products only contributing a small amount.
Australia exports to numerous countries globally, although the largest trading partners are located in East Asia, particularly China, Japan and the Republic of Korea. These are followed closely by the United States and India. The largest importer by far is China, receiving nearly 30% of all exports and providing $110.4 billion dollars in revenue.