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Australia's economy is strongly intertwined with the countries of East and Southeast Asia, also known as ASEAN Plus Three (APT), accounting for about 64% of exports in 2016. [46] China in particular is Australia's main export and import partner by a wide margin. [47] Australia is a member of the APEC, G20, OECD and WTO.
Australia's greatest manufacturing achievement was the manufacture of the Beaufort, a twin-engined torpedo bomber, during World War II. [2] Australia's manufacturing sector is diverse with the largest sub-industries being food, beverage and tobacco, machinery and equipment, petroleum, coal and chemicals and metal products.
Service industries in Australia (10 C) Shipbuilding in Australia (4 C, 4 P) Ships built in Australia (7 C, 10 P) Steel industry of Australia (2 C, 2 P)
The following is a list of the top 20 exports of Australia in 2017-18, as reported by its Department of Foreign Affairs and Trade. [1] # Commodity Value (A$ million)
Australian production ended with the closure of the Heidelberg plant in July 1981 with LNC Industries then taking over importation and distribution of Renaults in Australia. [24] As of 2012, Renault vehicles are sold in Australia through Vehicle Distributors Australia, a wholly owned subsidiary of Nissan Australia.
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
Australian gold rushes, in particular the Victorian gold rush, had a major lasting impact on Victoria, and on Australia as a whole. The influx of wealth that gold brought soon made Victoria Australia's richest colony by far, and Melbourne the continent's largest city. By the middle of the 1850s, 40% of the world's gold was produced in Australia.
Australia is the world's largest producer of wool. [49] The Australian wool industry was worth $3.6 billion in 2022. [50] The total number of sheep is estimated to be 75 million. [49] In the late 1980s, the sheep flock was 180 million. [51] Only 5% of Australia's wool clip is processed onshore. [50]