Nicknamed the Land Down Under, Australia is an island economy that strongly benefits from its close proximity to the vast markets of China and Japan which together represent about 40% of all Australian export sales. During 2015, Australia signed the China-Australia Free Trade Agreement (FTA), which opened tariff-free markets for agricultural, natural resources, energy and … [Read more...] about Australia’s Top Trading Partners
Oceania
New Zealand’s Top Trading Partners
An island nation in the southwestern Pacific Ocean located to the southeast of Australia, New Zealand shipped US$39.8 billion worth of products around the globe in 2018. That figure represents roughly 0.2% of overall global exports estimated at $17.547 trillion one year earlier for 2017 (calculated as of February 2, 2019). From a continental perspective, over half (55.3%) of … [Read more...] about New Zealand’s Top Trading Partners
Australia’s Fastest-Growing Import Partners
After analyzing 2014 data for 100 countries accounting for the greatest increases in imported Australian product sales, we found 15 nations that boosted the amount spent on Aussie imports by over 135% since 2010. Overall, exports originating from Australia were up 22.2% from 2010. However, there was a slight year-over-year slowdown with Australian exports decreasing 0.2% since … [Read more...] about Australia’s Fastest-Growing Import Partners