Cars, trucks, automotive parts and rubber tires were among the 20 highest value Australian import products in 2017. The most valuable Australian imports also include mineral fuels including both refined and crude oils. Phone system devices including smartphones is another area where Australian exhibit strong international demand, as is the case for imported medication mixes in … [Read more...] about Highest Value Australian Import Products
Oceania
Trade Wars: China Versus Australia
Chinese and Australian exporters and importers exchanged a total of about US$136.8 billion worth of products, a figure that represents inter-country sales to customers in both nations during 2014. Although China is the world’s number one exporter with global shipments valued almost 10 times higher than those for number 21 Australia, that doesn’t mean that Australia is devoid … [Read more...] about Trade Wars: China Versus Australia
Australia Major Product Supply Advantages
Australia ran an overall trade surplus of US$12.9 billion for 2014. Australia earned positive trade balances with 114 of the 219 foreign geographic entities with which it exchanges exports and imports for a subtotal surplus of $88 billion. Australian exports to exceeded Australia’s imports from Asian nations by $65.4 billion in 2014. Similarly, Australia achieved a $3.8 … [Read more...] about Australia Major Product Supply Advantages