301 billion reasons to export!
A recent media relaease by Trade Minister Andrew Robb, indicated that total exports of $301b represented a 6% increase in volume but a 4.5% decrease in value.
Australia’s total export volumes grew by 6.0 per cent in 2012-13 lead by
- minerals and fuels (up by 9.8 per cent – compared to average of 5.3%),
- natural gas $14.3b (up 19.4%) (5th largest export after iron – ore, coal and education)
- rural exports (up 8.7%) – 3rd year of growth
- wheat $6.8b (up 6.3%)
- vegetable, fruit and nuts $2.2b (up 19%
TOP TRADING PARTNERS
1. China- $131b, (21.1% of total trade).
2. Japan $69b (11.2% of total trade)
3. USA $53.9b (8.7% of total trade)
What does this mean for SME exporters?
There is great opportunity for food and education and China, Japan and USA are definitely open for business with Australian Companies representing 40% of total exports.
There are numerous grants and incentives on both a state and federal level to support Innovative Australian Companies looking to export and grow their business.
Andrew Robb has indicated that he is keen to take businesses on trade missions. This is an amazing way to grow your profile both nationally and internationally.
This time of the year is a time where Directors and owners should be looking at their business, getting clarity of vision and plan for tgrowth opportunities that will present themselves in 2014 and beyond.
Have you developed a plan of action. Have you got clarity of Vision?
Have a great Christmas and New Year.