Australia is the 5th largest economy in the Asia-Pacific region and the 13th largest economy in the world. The market offers a wealth of vibrant business opportunities and a stable yet exciting commercial environment that has demonstrated sustainable growth and profit potential across a whole range of sectors. Companies that trade with Australia benefit from a strong business and consumer base, high personal wealth and strong intellectual property (IP) protection.
Population: 23,470,145 (July 2018 est.)
Area: 7,682,300 sq. km
Currency: Australian Dollars AUD
Major industries include motor vehicles, refined petroleum, telecommunication equipment and parts; crude petroleum, medicaments, goods vehicles, gold, computers.
Source: CIA World Factbook
Your primer on entering this market begins with a few insights on how business is done.
Australia is in its 27th year of consecutive annual economic growth. It has strong institutions, an ability to respond to global changes and above average productivity in global growth sectors. These factors underpin its steady growth and make it a low-risk destination to do business.
Australia’s economy is:
• Rated AAA by all three global rating agencies
• Forecast to realize an average annual real GDP growth of 2.8 per cent over the next five years – the highest among major advanced economies
• Characterized by high productivity levels, with 15 out of 20 industries rating above the global average
Visit our international shipping section for step-by-step instructions on how to ship, including:
Flights: 6 weekly
Air Hubs: Sydney, Melbourne, Perth
Delivery Fleet: 111 vans and trucks
Operating Facilities: 6
Use this UPS Country or Territory Regulations tool to find all of the specific documentation and regulations that may affect your international shipments.
• Import and export forms
• Customs clearance information and duties and taxes
• Areas served
• Billing options
• Gift exemptions
• Invoice requirements
• Items classified as documents
• Prohibited or restricted items
• Transportation options
• Special clearance requirements
• Value limits
• Weight and size limits
Our expertise with Australia’s unique documentation and customs requirements may help to reduce the chance of delays and extra fees. We offer 24/7 customs services with commodity and security inspections, smooth entry into the country and clearance procedures that begin before our planes land.
UPS Capital offers a suite of financial and insurance services to help protect your bottom line and grow your top line. Options for exporters can include cargo insurance and trade credit insurance which can help mitigate the risks of selling globally.
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