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 over 40% of all Australian export sales. From a global perspective, Australia shipped US$272.4 billion worth of products worldwide during 2019. That dollar amount reflects a 42.5% increase since 2015 and a … [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$38.2 billion worth of goods around the globe in 2019. That dollar amount reflects an 11.2% gain since 2015 but a -4.1% dip from 2018 to 2019. That figure represents roughly 0.2% of overall global exports estimated at $19.285 trillion one year earlier for 2018 … [Read more...] about New Zealand’s Top Trading Partners