Importing from Australia

Australia Import Guide | Trade Finance Global

Importing from Australia

Economic growth in Australia has most recently been driven by the mining and agricultural sectors, which together amount to about 20% of GDP. Raw materials, mainly shipped to Asia, have been the dominant export.

Australia’s top exports are iron ore ($68.2 billion), coal ($41.2 billion), gold ($21.6 billion), petroleum gas ($15.2 billion) and crude petroleum ($15.7 billion). Top export destinations include China ($94.4 billion), Japan ($45.4 billion), South Korea ($19.5 billion), India ($10.9 billion) and Hong Kong ($10.3 billion).

Importing from Australia? Contact our local experts

1.00 GBP
British Pound
1.00 GBP = 1.6499 AUD
=
1.6499 AUD
Australian Dollar
1.00 AUD = 0.60609 GBP

Country Profile

CapitalCommonwealth of Australia Flag Coat of arms Anthem:"Advance Australia Fair" Canberra
Population 24,336,600
Area 7,692,024  km2 (2,969,907 sq mi)
km2 (6th)
Currency Australian dollar (AUD)
GDP
LanguagesEnglish

0.30

Econ Complexity 56th of 185
1980
2014

$243B

Exports 21st of 220
1980
2014

$219B

Imports 21st of 220
1980
2014

$45.9k

GDP Per Capita 17th of 185
1990
2014

Australia: Exports Profile

Exports from Australia

Exports from Australia: US$184.4 billion
Export commodities:Iron ore, gold, coal, meat, wool, alumina, wheat, machinery and transport equipment
Top export destinations:China 32.2%, Japan 15.9%, South Korea 7.1%, United States 5.4%, India 4.2% (2015)
GDP growth (annual %)

Importing from Australia: What is trade finance?

Stock finance is a revolving facility which alternative financiers offer - it enables companies to purchase inventory and can help reduce the pressure from working capital issues.

Often, an alternative financier will fund all of the cost of the stock, including charges (e.g. shipping costs).

Trade finance offers upsides over more traditional bank funding like asset finance or loans. Trade finance provides quick funding without affecting existing bank relationships.

How does it work?

If you're a firm importing or exporting goods from or to other countries, then a trade finance facility would help you to fund this through offering a letter of credit (LC) or some form of cash advance.

I’m looking to import from Australia, how can Trade Finance Global help, and how does it work?

If you are looking to import stock from other international markets, you may require import finance, which is an agreement between yourself (the importer) and the foreign exporter. A non-bank lender would act as the intermediary, paying the exporter on your behalf until you get the products and have then sold them to your customer. Repaying the financier then occurs over an agreed period.

Read the TFG Importers Guide here.

Importing from Australia? Contact our local experts

Country Profile

CapitalCommonwealth of Australia Flag Coat of arms Anthem:"Advance Australia Fair" Canberra
Population 24,336,600
Area 7,692,024  km2 (2,969,907 sq mi)
km2 (6th)
Currency Australian dollar (AUD)
GDP
LanguagesEnglish

0.30

Econ Complexity 56th of 185
1980
2014

$243B

Exports 21st of 220
1980
2014

$219B

Imports 21st of 220
1980
2014

$45.9k

GDP Per Capita 17th of 185
1990
2014
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