April’s Market of the Month is Australia. Despite a population of 21 million, Australia ranks as the 15th-largest market for U.S. merchandise exports, creating an annual trade surplus of $10 billion for the United States.
Australia has one of the world’s best financial, legal and political systems; a world-class infrastructure; advanced communications networks; modern land, sea and air connections; and strong intellectual property protection. It also has a high per capita income, an advanced industrial base and a 16-year growth record—all of which generate substantial purchasing power.
The Australia–U.S. Free Trade Agreement, coupled with the strength of the Australian currency, has created unlimited opportunities in this resilient economy.
Australia has few barriers to entry, a familiar legal and corporate framework, sophisticated consumer and industrial demand, and a straightforward, English-speaking, business culture. Best prospect sectors include tourism, oil and gas, renewable energy, environmental technologies and medical device sectors.
To read more about this market, its opportunities and its challenges, and to learn more about best prospects, please visit Export.gov.
Australia Country Commercial Guide