![]() Opening up these partnerships will ensure a big year for local industries and help create jobs. We want to keep building trade ties with our biggest export partner while tapping into new and emerging markets. Australia Exports to United States - data, historical chart and statistics - was last updated on September of 2023. Australia Exports to United States was US12.37 Billion during 2022, according to the United Nations COMTRADE database on international trade. It’s clear demand for our world-class exports continues to grow and South Australian businesses and producers are taking advantage. 2023 Data 2024 Forecast 1988-2022 Historical. Global supply pressures also caused the average export price of wheat to increase by 39 per cent from $350 per tonne to $486 per tonne, benefiting local producers.Īgriculture and metal commodities comprise nearly 70 per cent of South Australia’s exports, with demand for copper ores and concentrates still strong following increased supply and growing demand to support global net zero emissions targets. To give some global trade perspective on recent company performance, the overall value of Australian exported goods rose by 42.5 from US191.3 billion in 2015 to 272. Wheat exports were up 60 per cent to $2.2 billion, fuelled by new markets in Sudan and South Korea as well as increases to several existing markets including China. The value of wine exports – SA’s third biggest commodity (up 5 per cent to $1.3 billion) – swung around to growth after boosts in other markets including the US, Canada, Malaysia and Thailand. Significantly, exports to China remained steady over the past twelve months at $2.2 billion, following a low of $1.85 billion to the year ending June 2022 – showing a gradual turnaround in trade after tariffs were imposed on products such as wine. Out of the total merchandise exports of USD 401 billion in 2022, the top five items were iron ores and concentrates USD 88 billion (21.9), coal USD 83 billion. Increased demand for canola across Europe led to huge spikes in France (up 595 per cent) and Belgium (up 182 per cent), with both markets turning to SA after previously relying on war-torn Ukraine and drought-affected Canada. This represented 6.5 per cent of Australia’s total merchandise exports (see. Gold exports, valued at A15.0 billionwere Australia’s, third ranked export commodity in 2010after iron ore and coal. Strong prices, good seasons and reduced global supply have led to big increases in our second and third biggest export markets – the United States (up 38 per cent to $1.5 billion) and Malaysia (up 35 per cent to $1.3 billion) – largely driven by refined metals, wine and meat. has consistently been one of Australia’s major exports since the modern gold rush in the 1970s and 1980s. Local exports hit $15.9 billion in the 12 months to November 2022, up 22 per cent on the previous year – and just shy of the recent record high $16 billion to the year ending October 2022. Demand for South Australian exports continues to rise, as trade ties with the state’s biggest export market – China – pick back up after months of decline. alumina, coal, iron ore, copper, lithium, tin, gold, silver, uranium, nickel, tungsten, rare earth elements, mineral sands, lead, zinc, diamonds, opals, natural gas, petroleum note 1: Australia is the worlds largest net exporter of coal accounting for 26.
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