Which country provides Australia’s largest source of export income?

Australia’s top ten trading partners in 2018-19 in order were China, Japan, the United States, the Republic of Korea, Singapore, New Zealand, the United Kingdom, India, Malaysia and Thailand. China remained Australia’s largest two-way trading partner in 2018-19 and was our largest export market and import source.

What is Australia’s biggest export earner?

Searchable List of Australia’s Most Valuable Export Products

Rank Australia’s Export Product Change
1 Iron ores, concentrates +19.7%
2 Coal, solid fuels made from coal -26.9%
3 Petroleum gases -25.5%
4 Gold (unwrought) +7.6%

Where do most of Australia’s exports come from?

The most common destination for the exports of Australia are China ($111B), Japan ($41.5B), South Korea ($18.9B), India ($15.3B), and United Kingdom ($10.6B).

What is the main income source of Australia?

The Australian economy is dominated by its service sector, which in 2017 comprised 62.7% of the GDP and employed 78.8% of the labour force. Australia has the tenth-highest total estimated value of natural resources, valued at US$19.9 trillion in 2019.

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What is Australia’s biggest import?

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 are the five main countries Australia import from?

Top import sources

Rank Country Value (A$ million)
1 China 81,777
2 United States 51,638
3 Japan 26,802
4 Germany 18,870

What are the top 10 countries Australia exports to?

Top 15

  • China: US$90.6 billion (43% of total Australian exports)
  • Japan: $19 billion (9%)
  • United States: $13.1 billion (6.2%)
  • South Korea: $13 billion (6.2%)
  • United Kingdom: $10.3 billion (4.9%)
  • India: $7.1 billion (3.4%)
  • New Zealand: $7 billion (3.3%)
  • Singapore: $5.5 billion (2.6%)

What are Australia’s top 5 exports?

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.

Which country is Australia’s biggest trading partner?

Today, China is Australia’s largest trading partner in terms of both imports and exports.

What is Australia’s largest industry?

The 10 Biggest Industries by Revenue in Australia

  • Superannuation Funds in Australia. …
  • Health Services in Australia. …
  • Consumer Goods Retailing in Australia. …
  • Iron Ore Mining in Australia. …
  • National and Regional Commercial Banks in Australia. …
  • Supermarkets and Grocery Stores in Australia. …
  • Public General Hospitals in Australia.
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Which state generates the most revenue in Australia?

The Richest And The Poorest States Of Australia

Rank State or territory Net growth (million A$)
1 New South Wales 88,371
2 Victoria 73,664
3 Queensland 86,655
4 Western Australia 97,559

What is the major export of Australia Why?

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 Australia’s top 3 exports?

List of exports of Australia

# Commodity % share of exports
1 Iron ores & concentrates 15.2
2 Coal 15.0
3 Education 8.0
4 Natural gas 7.7

What does India export to Australia?

The major exports from India to Australia were agricultural products, gems, pearls, and jewellery, engineering goods and manufacture, leather, leather goods, footwear, and travel goods, textile, clothing, and make up, chemicals and its by products.

What does Australia export to China?

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.