Australia is the fifth largest economy in the Asia-Pacific region and the twelfth largest economy in the world. At current exchange rates Australians are among the wealthiest in the world per capita and the country has entered into a number of free trade agreements which establish close ties to countries around the world.
Australia imports around $225 billion per year of which about 40% is made up of machinery and transport equipment including cars, electrical machinery and telecommunications equipment. Other imports include manufactured goods, petroleum and food. Major import partners include China (23%), the United States (11%) and Japan (7%).
|Official Name (Local Language)||Commonwealth of Australia||Capital||Canberra||Population||22,992,654||Currency||Australian Dollar||GDP||$1,257 billion||Languages||English||Telephone Dial In||61|
% Partner Share
Petroleum oils, etc, (excl. crude); preparation
Automobiles with reciprocating piston engine di
Petroleum oils and oils obtained from bituminou
Transmission apparatus, for radioteleph incorpo
Floating or submersible drilling or production
Wheat, barley, sugarcane, fruits; cattle, sheep, poultry
Mining, industrial and transportation equipment, food processing, chemicals, steel
Export finance is a revolving facility which some banks and specialist lenders offer – it enables businesses to purchase stock and can help ease the pressure from working capital problems.
Often, a trade finance bank will fund most of the cost of the receivables, including charges (e.g. shipping costs).
Trade finance offers benefits over more traditional bank finance like bridging mortgages or business loans. Trade finance provides quick funding without affecting existing relationships with banks.
How does it work?
If you’re a firm importing or exporting products outside of your own country, then a trade finance facility would assist your company to fund this through offering a letter of credit (LC) or some form of cash advance.
I’m looking to export to Australia, how can Trade Finance Global help, and how does it work?
If you’re looking to export products to other countries, you may require export finance, which is an agreement between you (the exporter), and the importer. A alternative finance bank will advance you the cost of producing the goods that you are exporting (as a debt instrument), either once you have sent the goods, or before producing them. Once your foreign importer has received the products and pays you for the import, you will repay the advance loan from the funder over an agreed period of time.
Exporting to Australia? Contact our local experts
Australia Economic Statistics
Reserve Bank of Australia
Currency in Australia
Natasha Roston is Head of People and Growth at Trade Finance Global (TFG).
She builds partnerships to create innovative trade finance education projects and experiences. A key advocate for TFG’s annual Women In Trade campaigns, Natasha wrote a piece on the impact of gender stereotypes for gender equality in the workplace in 2022. Natasha is also responsible for TFG careers, culture, and team growth. A Level 2 Qualified Coach and Mental Health First Aid Champion, she leads internal training, supporting the holistic wellbeing of the team.
Before joining TFG Natasha worked in education for over a decade. Initially as a classroom teacher, and then in academic and pastoral leadership roles. Following this, she worked in EdTech as a Learning Design Coach for Aula’s Higher Education platform.
Natasha holds an MA from Tel Aviv University, a History PGCE from The Institute of Education and a BA from the University of Nottingham. Currently, she is studying for her Level 3 Certificate in International Trade from the Institute of Export & International Trade. In addition to her work at TFG, Natasha volunteers for the Young Women’s Trust as a Work It Out – CV Volunteer.