Energy and resources made up around
75 per cent of Australia’s goods exports in
2019. The export mix is changing, however.
During 2019, Australia rivalled Qatar as
the world’s largest exporter of liquefied
natural gas. Fresh investment in the mining
and processing of lithium and rare-earth
minerals will grow Australia’s role in the
supply chain for electric vehicles and hightech
Meanwhile, renewables are taking off.
Australia’s coastal population and sunshine
climate have seen wind and solar power
soar. Today, they account for half of
Australia’s renewable energy generation.
Australian agriculture is truly worldleading
– in efficiency, technology and
environmental credibility. This helps
Australian farmers attract investment
from around the world, and secure new
customers for clean, green produce in
Asia’s premium food markets. Our services
industries are also strong. Australia’s
financial markets manage the world’s
fourth largest pool of pension fund assets
– a sector that is growing faster in Australia
than in any other developed economy.
Charts from the Benchmark Report
The Australia Benchmark Report provides rich data demonstrating why there is no better place than Australia to do business. The report examines five key reasons for investing in Australia – robust economy, dynamic industries, innovation & skills, global ties and strong foundations – and compares Australia’s credentials with other countries.
Charts can be downloaded and saved as images for use in reports and presentations (when using please reference www.austrade.gov.au)