Exports of Australia


Australian economy is one of the largest mixed market economies in the world, with a GDP of AUD$1.62 trillion as of 2015.

Australia is the 19th-largest importer and exporter in the world. The economy of Australia is dominated by its service sector, comprising 68% of GDP.
Economic growth is largely dependent on the mining sector and agricultural sector with the products to be exported mainly to the East Asian market.

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Top 10 exports of Australia are:

1. Ores, slag, ash
2. Mineral fuels including oil
3. Gems, precious metals
4. Meat
5. Cereals
6. Machinery including computers
7. Inorganic chemicals
8. Optical, technical, medical apparatus
9. Aluminum
10. Electrical machinery, equipment

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Happy New Year 2017!


Export Portal wishes you a beautiful new year filled with joy and luck. We look forward to new opportunities, new deals and growth in 2017.

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Possible EU-Japan FTA to boost exports more than TTIP


A free trade agreement with Tokyo could boost European GDP more than the controversial Transatlantic Trade and Investment Partnership, Czech MEPs say after coming back from  Japan.

The EU-Japan FTA is expected to boost European economy by around 0.8 % of GDP and some analysts compare the importance of the deal with that of TTIP where the number is 0,5 % according to preliminary expectations.

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“If we look at the impact on GDP growth, FTA with Japan could actually be more important than TTIP,” ANO 2011 MEP Petr Ježek (ALDE), chairman of the European Parliament’s delegation to Japan stressed, after a recent trip to the country.

Japan is the EU’s second biggest trading partner in Asia, after China. European exports to the country are dominated by machinery, transport equipment, chemical products and agricultural goods. Machinery, transport and chemicals are also the main items of imports from Japan to the EU.

With the deal, EU exports could increase by 32.7 %, while Japanese exports to the EU would increase by 23.5 %, according to the European Commission estimates.

The EU and Japan have been negotiating for over 3 years now, and there have been 16 rounds of negotiations – the last one took place in April in Tokyo.

The next round of talks is scheduled for September in Brussels.

At the last G7 summit held in Japan’s Ise-Shima at the end of May, political leaders from Japan, the EU, France, Germany, Italy and the UK reaffirmed a commitment to reach political agreement on the deal as early as possible this year.

On Thursday (16 June), Japanese and European businesses supported this commitment when they met in Tokyo for a sector-to-sector meeting.

“At a time of global economic uncertainty, this agreement provides a unique opportunity to create real growth for two of the world’s largest economies,” representatives of Keidanren and the EU employers’ confederation BusinessEurope said in a statement.

But several difficult issues still remain to be cleared up.

While Japan wants European duties in the automotive sector and agriculture waved, the EU is trying to link this to the elimination of Japanese non-tariff barriers (NTBs), especially in the automotive and railway sectors. Tokyo has already made a number of concessions on the first list of NTBs presented in December, however, the EU wants to see more on the second list before moving on its own tariffs.

The European automobile industry is particularly concerned, and appealed to the European Commission to be careful about possible impacts of the deal. More Japanese cars are sold in Europe than European cars sold in Japan.

“On the other hand, the Commission has been consulting its approach to this issue with the industry representatives. Therefore no dramatic problems should be expected,” MEP Ježek told EurActiv.cz.

Above all, only 32 % of Japanese cars sold in Europe are imported. Two-thirds of them are produced right in the EU.

Source: https://www.euractiv.com/section/trade-society/news/eu-japan-fta-would-boost-growth-more-than-ttip/

E-commerce in China


Chinese economy influence on global economy is indisputable now. One of the leading economies, Chinese label “Made in China” made the country the largest manufacturer in the world. And it has led the way in developing innovative processes that have fundamentally transformed production and supply chains. But China is changing.

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And a new lexicon may be in order: Digitized in China.
There are more social sites in China than any other country in the world. Chinese consumers use these sites to share, shop and consume in totally new ways. Talking has taken a back seat to texting. Wallets have been replaced by mobile devices. Hailing cabs is now done online.
Digital technologies are enabling innovation that is not only reshaping our personal lives, but redefining entire industries. And China is at the forefront of many of them.

Over the next year, this digital transition will accelerate. And China will lead the way. Here are three things you can expect:

1. The Business and Consumer Worlds will Collide
Companies across China are looking for ways in which they can run faster, simpler and smarter. Much like the social applications and networks that consumers use to manage their personal business, Chinese companies will tap into cloud-based applications and business networks to digitize their operations and manage everything from buying and selling to managing cash in a more efficient and effective manner.

2. The Universe will Get Bigger
Empowered by the easy and borderless collaboration that networks enable, Chinese companies will scale their operations and open new worlds of opportunities. In support of the One Belt and One Road initiative, corporate buyers will discover, connect and collaborate with a global network of partners to expand beyond sourcing materials locally. And suppliers will connect with profitable customers globally who are increasingly doing business online, opening new markets and revenue streams.

3. The Chinese Economy will Diversify
Chinese companies will leverage the massive investments the government is making in the building blocks of the Internet economy such as cloud computing, wireless communications, new digital platforms, big data analytics and the Internet of Things alongside business networks to fuel the next generation of smart manufacturing. Driven by more efficient, flexible and sustainable processes, companies will stimulate domestic demand growth and reduce the country’s reliance on exports, creating a more balanced economy.
Technology and networks have fundamentally altered the way we live and work. China has been instrumental in this digital transformation. And it will continue to drive it through investments in innovations that push the limits of what is possible and change the way business gets done.

[Based on the article by Gareth Bowen]

Morocco Trade Conference: SMEs and E-commerce


The bi-annual forum Trade Promotion Organization World Conference held in Morocco this year brought business leaders together to discuss the future of trade in today’s fast changing world.

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“The aim of this conference is to strengthen the role of trade organizations to boost and develop the exports and investments in all countries, especially in Africa, because they are the link in between the government strategies and between the private sector”, stated Zahra Maafiri, chief executive officer, Maroc Export.

This forum is a unique opportunity for global business leaders to share their experiences and take concrete steps to improve trade relations. It provides crucial support to firms struggling to swim in the digital waters.

“Logistics, distribution, payment system, taxation all this package, the international trade center will be putting together in order to help SMEs in the poorest countries and the most far away destinations to connect with the international market”, said Arancha González, executive director of the International Trade Center.

Participants have agreed on the importance of the transition to digital in the global business environment in the future. The most prominent challenge is to accelerate the development of the e-commerce sector and facilitate digital activities for SMEs, especially in the African continent.

Black Friday Facts


Today is Black Friday, when shoppers look for discounts online and in stores. Whether they’re looking for the newest, most advanced tech device or the perfect outfit for New Year’s Eve, buyers know retailers will offer some of their best deals during this time.

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1. Electronics is the most popular category of Black Friday shopping. 59% of buyers are going to look for cheap tablets and smartphones.
Clothes come next – 47% of shoppers are intended to get new apparel and accessories items.

2. People spend about $50-60 billion on Black Friday – crazy amount of money.

3. Monday after Black Friday is called “Cyber Monday” – a day of online shopping. Many online shops offer big sales on this day.

4. Although Black Friday is not the only day with big sales, it is the most popular in the world: this tradition took Russia, Norway, France, and many other.

5. Walmart broke the Black Friday tradition in 2011, when it opened its store on Thanksgiving evening. Ever since, retailers have been in a race to catch up and now, 33 million Americans said they planned to shop immediately after turkey.

Trade Logistics in the Global Economy


Many factors determine a country’s logistics performance – including infrastructure, regulations, policies, geography, and political economy.

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The 2016 edition of the new report Connecting to Compete 2016: Trade Logistics in the Global Economy includes The Logistics Performance Index (LPI) scores and benchmarks countries’ performance on logistics. Germany ranked first for the second time in a row, and Syria ranked last. The top performing countries tend to be high-income; countries with the lowest scores tend to be low-income.
The report covers 160 countries based on the multidimensional assessment of over 1000 global logistics professionals.

Global trade depends on logistics, and how efficiently countries import and export goods defines how they grow and compete in the global economy. Countries with efficient logistics can easily connect firms to domestic and international markets through reliable supply chains. Countries with inefficient logistics face high costs – both in terms of time and money – in international trade and global supply chains. This can severely hamper a nation’s ability to compete globally.

With so many factors involved in a country’s logistics, it can be difficult to conduct comparisons across countries. This is why the latest issue of the World Bank Group report captures critical information about the complexity of international trade. The index scores countries on key criteria of logistics performance, including border clearance efficiency, infrastructure quality, and timeliness of shipments, among others. For the second time in a row, Germany is the top performer, while Syria ranked last.

The scores are based on two sources of information: a worldwide survey of logistics professionals operating on the ground (such as global freight forwarders and express carriers), who provide feedback on the countries in which they operate and with whom they trade; and quantitative data on the performance of key components of the supply chain, such as the time, cost, and required procedures to import and export goods.

Main lines

– Top performing countries have remained relatively consistent since 2010. The top 15 performing countries have changed only marginally since 2010, and include dominant players in the supply chain industry, such as Germany, the Netherlands, and Singapore. The 2016 report ranked Germany the highest and Syria the lowest. Countries at the bottom of the rankings are either fragile economies affected by armed conflict, natural disasters, political unrest, or geographic constraints.

– The “logistics gap” between more and less developed countries persists. High income countries, on average, score 45% higher on the LPI than low-income countries. In previous editions of the report, the lowest performers appeared to be catching up. However, this trend reversed in 2016, and the gap between the top ranked countries and those at the bottom of the scale widened.

– Supply chain reliability continues to be a major concern for traders and logistics providers alike. Among the top 30 countries in the LPI, approximately only 1 in 10 shipments fail to meet quality criteria in the top 30 performers. Among the bottom 30 countries, nearly three times as many shipments fail to meet these standards.

– Income alone does not explain performance. The willingness to reform and implement good practices and policies can have a direct impact on fluidity of crossborder shipments. Examples like the Single Customs Territory in the East African Community, which allowed for steep reductions in clearance times along regional corridors, can be good examples of how such policy changes can have dire positive impacts on supply chain efficiency.

– Infrastructure continues to play a big role in assuring basic connectivity and access to gateways for most developing countries. In all income groups, survey respondents reported that infrastructure is improving. However, countries in the bottom quintile of LPI scores are improving at a much slower pace than those at the top of the scale. Regardless of income levels, logistics professionals are the most satisfied with ICT infrastructure and the least satisfied with rail infrastructure.

– Border management reforms are a serious concern. Countries at the bottom of the rankings continue to struggle with paperwork and long delays. This is especially true for low- income economies constrained by geography such as landlocked developing countries.