|Rank||Australia’s Export Product||2020 Value (US$)|
|1||Iron ores, concentrates||$78,830,087,000|
|2||Coal, solid fuels made from coal||$32,477,570,000|
What is Australia’s biggest export earner?
List of exports of Australia
|#||Commodity||% share of exports|
|1||Iron ores & concentrates||15.2|
What are the main sources of income in Australia?
2015-16: For most people in Australia, the main source of household income is wages and salaries, at 69%. Of the remainder, 18% are in households relying mainly on social security payments, 5% on income from self-employment and 8% from other sources (mainly investments).
What are Australia’s top 3 exports?
Searchable List of Australia’s Most Valuable Export Products
|Rank||Australia’s Export Product||Change|
|1||Iron ores, concentrates||+19.7%|
|2||Coal, solid fuels made from coal||-26.9%|
What country does Australia export to the most?
Top export markets
|Rank||Country/Region||Share of overall exports|
What is Australia’s top 5 exports?
Exports: The top exports of Australia are Coal Briquettes ($57.2B), Iron Ore ($48.1B), Petroleum Gas ($17.6B), Gold ($16.1B), and Aluminium Oxide ($6.66B), exporting mostly to China ($87.9B), Japan ($27.6B), South Korea ($19.2B), India ($18.9B), and United States ($9.71B).
Is Canada richer than Australia?
Australia vs Canada: Economic Indicators Comparison
Canada with a GDP of $1.7T ranked the 10th largest economy in the world, while Australia ranked 13th with $1.4T. By GDP 5-years average growth and GDP per capita, Canada and Australia ranked 133rd vs 111th and 21st vs 13th, respectively.
What is Australia’s biggest import?
The 10 Biggest Importing Industries in Australia
- Motor Vehicle Manufacturing in Australia. …
- Petroleum Refining and Petroleum Fuel Manufacturing in Australia. …
- Pharmaceutical Product Manufacturing in Australia. …
- Computer and Electronic Office Equipment Manufacturing in Australia. …
- Communication Equipment Manufacturing in Australia. …
- Oil and Gas Extraction in Australia.
Why Australia is so rich?
Mining has contributed to Australia’s high level of economic growth, from the gold rush in the 1840s to the present day.
Is Australia a poor country?
Key findings: 3.24 million people in Australia (13.6% of the population) live below the poverty line. 774,000 children under the age of 15 (17.7% of all children in Australia) live below the poverty line. … The poverty rate in Australia is worse than in most other wealthy countries.
Why is Australia’s economy so strong?
Australia has had a steady economy growth for decades with strong coal, iron ore and natural gas exports to a surging China. Tourism has also been a big driver of growth.
What is Australia famous for producing?
Australia is an important source of export cereals, meat, sugar, dairy produce, and fruit.
What’s the biggest industry in Australia?
The 10 Biggest Industries by Revenue in Australia
- Consumer Goods Retailing in Australia. …
- Health Services in Australia. …
- National and Regional Commercial Banks in Australia. …
- Iron Ore Mining in Australia. …
- Supermarkets and Grocery Stores in Australia. $116.1B.
- Public General Hospitals in Australia. $77.6B.
- Coal Mining in Australia. $72.8B.
- General Insurance in Australia. $67.3B.
What is Australia’s biggest export to China?
Iron ore, gas and coal make up the bulk of Australian exports to China (more than AUD 79 billion), but Australian service industries – led by education and tourism – are a growing part of the trade relationship.