How to Export to Australia ?
Export to Australia : Australia is recognized as an advanced country with the largest natural mines in the world. Australia’s world record has the longest continuous economic growth of 26 years.
Global investments in Australia are on the rise with a steep slope. Australia’s largest trading partner is the United States. The US investment in Australia is $ 690 billion and the US export tax is negligible.
Australia has a large services sector, and is a world leader in mineral and LNG extraction and food production. Australia’s abundant and diverse resources attract high levels of foreign investment. this resources include extensive reserves of coal, iron ore, copper, gold, natural gas, uranium, and renewable energy sources.
Biggest countries exporter to Australia
|2||United States of America||23 B|
Biggest countries importer from Australia
|2||Area Nes||47 B|
|4||Korea, Republic of||13 B|
Australia's Top 5 Exports
|270112||Bituminous coal||47 B|
|26111||Non-agglomerated iron||46 B|
|27111||Natural gas||31 B|
|281820||Aluminium oxide||7 B|
Australia's Top 5 Imports
|271019||Medium oils||15 B|
|270900||Petroleum oils||10 B|
|870323||Motor cars||8 B|
|870421||Motor vehicles||5 B|
|300490||Medicaments consisting||4 B|
Marketing in Australia
Australia is an advanced high-educated country. business owners are marketing and selling their products using digital television and digital advertising. The existence of a free market in this country and the presence of powerful rivals will require you to have a strong marketing and entry strategy. Countries that have agreements with Australia and trade agreements have more competitive advantages than other countries. You can use some of the ways to increase your business’s competitive advantage by using Mahan Consultancy. Before entering the market, exporters should assess their sales techniques for export to Australia. They must ensure that there is sufficient demand for their product or service in the Australian market.
Market Challenges Australia
Australian spatial distance with many countries is a natural barrier to trade. The presence of well-known Australian brands in Australia makes it harder to compete. The relationship between the distributor companies in Australia can make rough access to a part of the market for newcomers. Also, Australia’s access to countries such as China and cheap goods could be another challenge for Australian market entry.
Market Opportunities Australia
The Australian market in various industries has the advantages that attracts every small and large company. The leading parts in the Australian market include defense, aircraft and parts, automotive parts, building products, cloud computing, medical equipment, mining equipment, oil and gas equipment, intelligent network technology, marine transportation and cosmetics.
Pricing in the Australia market
The Australian market requires the entry of companies that can offer competitive prices and innovate. The competition in this market is very high and there are many countries in this market. To build a competitive price, suppliers must see cost factors. such as shipping rates, tariffs, product taxes and services, advertising marketing, and so on The cost of living in Australia is high and naturally wages are also high. Exporters should be able to provide discounts for wholesale. So that they can participate in this market.
Trade restrictions in the Australia market
Australia has agreements with many countries, but for some countries, imports need to go through licensing procedures and pay taxes and tariffs. Some goods may carry special restrictions or may even be prohibited from being imported. For example, if your goods contain industrial chemicals like cosmetics, solvents, adhesives, plastics, inks, printing and photocopying chemicals, paints, household cleaning products and toiletries, you will need to register your business with the Australian Government’s National Industrial Chemicals Notification and Assessment Scheme (NICNAS) and pay registration fees.
Australia agreements and international agreements
China has bilateral investment agreements with over 100 countries and economies, including Austria, the Belgium-Luxembourg Economic Union, Canada, France, Germany, Italy, Japan, South Korea, Spain, Thailand, and the United Kingdom. China maintains 14 Free Trade Agreements (FTAs) with its trade and investment partners, and is negotiating or implementing an additional eight FTAs. China’s FTA partners are ASEAN, Singapore, Pakistan, New Zealand, Chile, Peru, Costa Rica, Iceland, Switzerland, Hong Kong, Macao, and Taiwan. China has also recently signed FTAs with Korea and Australia, both of which include a chapter on investment.
The strategy for entering the Australia market
Australia is an advanced country with high Internet penetration rates. The use of traditional and digital marketing methods can work together. Having a common language can dominate cultural differences. It is very important to have a representative in the Australian market. The selection of a local representative requires careful evaluation and research in relation to competitors. It is vital for local delegates to provide the necessary support.