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OVERVIEW
Australias position as the sixth largest country in the world, a per capita GDP comparable with European economies such as the UK and Germany, and a trade policy supporting liberalisation and increased economic activity, all make Australia an attractive destination for British businesses. Key economic reforms implemented since the 1980s have transformed Australia into an open, internationally competitive, trade oriented economy. Australias proximity to Asia Pacic and the demand for mineral exports like iron ore, coal and copper from countries such as China, has helped its continuous growth and resilience during recent global nancial and economic downturns. The economic growth has recently slowed, but still achieved 3.1% year on year, and the Q4 2012 interest rate reduction to 3%, intended to counteract a slowdown in the mining sector and assist other sectors in keeping the economy growing, mean opportunities for British businesses are signicant.
Broome
Country Facts Currency GDP Area Population Capital City Ethnic Groups Languages Australian Dollar (AUD) US$1.463 trillion 7,741,220 sq km 22.1 million Canberra White 92%, Asian 7%, Aboriginal and other 1% English 78.5%, Chinese 2.5%, Italian 1.6%, Greek 1.3%, Arabic 1.2%, Vietnamese 1%, other 8.2%, unspecied 5.7%
Source: CIA World Factbook
Darwin
Katherine Wyndham Derby
Weipa
Tennant Creek
Cairns
Townsville
The shared language, culture and history make Australia an easier country for companies looking to start out in international trade, and its proximity to Asia Pacic means Australia provides a gateway for British businesses looking for further expansion.
Sources: DHL, UKTI, Foreign & Commonwealth Ofce, BBC
Dampier
Queensland
Rockhampton
Brisbane
Coober Pedy South Australia Toowoomba Bourke Broken Hill Tamworth Gold Coast Coffs Harbour Newcastle
Perth
Fremantle Bunbury Albany
Adelaide
Sydney
Canberra Australian Capital Territory
Mount Gambier
Melbourne
Devonport Tasmania Launceston Hobart
TRADE INFORMATION
DUTY FREE ALLOWANCE: 1,000 AUD
Imports into Australia
Example DHL Express Transit Times In working days, from collection to delivery at nal destination Major centre Inc. Adelaide, Brisbane, Darwin, Melbourne, Perth and Sydney Albany Western Australia Derby Western Australia Alice Springs Northern Territory Katherine Northern Territory Port Augusta South Australia Mount Gambier South Australia Normanton Queensland Rockhampton Queensland Coffs Harbour New South Wales Wagga Wagga New South Wales Canberra Australian Capital Territory Bendigo Victoria Devonport Tasmania Document: 3 days Dutiable Shipment: 4 days Document: 5 days Dutiable Shipment: 6 days Document: 5 days Dutiable Shipment: 6 days Document: 5 days Dutiable Shipment: 6 days Document: 8 days Dutiable Shipment: 9 days Document: 5 days Dutiable Shipment: 6 days Document: 5 days Dutiable Shipment: 6 days Document: 7 days Dutiable Shipment: 8 days Document: 5 days Dutiable Shipment: 6 days Document: 5 days Dutiable Shipment: 6 days Document: 5 days Dutiable Shipment: 6 days Document: 5 days Dutiable Shipment: 6 days Document: 5 days Dutiable Shipment: 6 days Document: 6 days Dutiable Shipment: 7 days
Source: DHL, CIA World Factbook
US$242.2 billion Import commodities Machinery and transport equipment, computers and ofce machines, telecommunication equipment and parts, crude oil and petroleum products Top Import Origins China, USA, Hong Kong, Germany, UK
Exports from Australia
US$271.1 billion Export commodities Coal, iron ore, gold, meat, wool, alumina, wheat, machinery and transport equipment Top Export Destinations New Zealand, USA, China, UK, Hong Kong, Singapore
CUSTOMS TIPS
Commercial invoices must include the receivers and shippers details, quantity of goods and a full description of the goods (not just commodity codes); for example 100% Cotton T-Shirt. Brand names in place of a description are not accepted. To send Pharmaceutical products to Australia, approval is required from the Australian Department of Health. The receiver must also hold an import licence. All alcohol and tobacco is subject to high duty and taxes All plant and animal material is subject to quarantine inspection; this includes items such as seeds, stone/mineral samples for analysis and leather goods.
For more information If you need support with your export documentation or advice on trade to Australia, contact your local British Chambers of Commerce ofce. DHL Customer Services is also available on 0844 248 0844.
Valid from: 02/2012 | Version: 01