Who are Australia's current trading partners and what do we trade?

Answer 1

The emphasis in the economy is put on exporting commodities rather than manufacturing hi-tech goods. In lamen terms Australians sells stuff like wheat, food, milk, raw materiels(gold, copper, iron) rather than produce stuff like computer chips or phones. Australia's biggest trade partners are Japan, China, the US, South Korea, and New Zealand "cycle of trade" they buy raw materials from Australia and process it to make "usable goods" and in return Australia buys those manufactured goods. Although tourism, education, and financial services, accounts for 69% of GDP the trade of Australia's raw materials make the vast majority of its exports.