As a globally integrated economy, Australia is a trusted economic partner globally and plays an integral role in Asia’s dynamic growth.
Australia’ experience and trade agreements facilitate the smooth flow of goods, services and investments with major economies across Asia, Europe and North America.
International companies can tap into Australia’s deep business and cultural ties with Asia and longstanding links with Europe and North America to expand into or enter global value chains.
Australia has an open trading economy where:
- 10 of the country’s top 12 export markets are within the Asian region
- two-way trade in goods and services totalled A$673 billion in 2015–16
- foreign investment stock totalled more than A$3 trillion as at June 2017
- inward foreign direct investment stock reached A$796 billion in 2016.
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 and 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)