Australia has an open and globally integrated economy, making it a trusted partner for trade and investment.
Nine of the top 10 Fortune Global 500 and eight of the top 10 Forbes Global 2000 companies have operations in Australia.
International companies can tap into Australia’s deep business and cultural ties with Asia to expand into or enter global value chains across the region. Australia’s free trade agreements facilitate the smooth flow of goods, services and investments with major economies across the globe.
Australia has an open trading economy where:
- 10 of the country’s top 12 export markets are within Asia and Oceania
- two-way trade in goods and services totalled A$763 billion in 2017
- foreign investment stock totalled around A$3.6 trillion
- inward foreign direct investment stock reached A$849 billion in 2017.