Due to Australia’s position in the South Pacific, Australia is an important country for international shipping because it is accessible to a significant number of countries. The country is also noted for its marine shipments and commitment to strong environmental protection and environmental balancing regulations.
Australia has a thriving economy and is Oceania’s largest sovereign country. It exports agricultural commodities, wool, iron ore, gold, LNG, and coal to Japan, China, the United States, South Korea, and New Zealand. It is also one of the world’s largest wine exporters.
Due to its strategic location in the South Pacific, Australia plays a significant role in global shipping. It is accessible to a wide range of countries. Australia handles the bulk of its international trade via international marine channels, thanks to its numerous ports and harbors.
According to the reports published by the Economic Complexity Index, Australia was the world’s number 13 country in terms of GDP in 2020, number 22 in exports, number 24 in imports, number 14 in GDP per capita, and the number 74 most complicated economy.
Iron ore, coal, petroleum gas, gold, and frozen animal meat are Australia’s biggest exports, mostly to China, Japan, South Korea, the United States, and India.
Automobiles, refined petroleum, gold, transmission equipment, and computers are Australia’s main imports, with most of them coming from China, the United States, Thailand, Japan, and Germany.