Although the Australian territory is mostly arid, the nation is a major agricultural producer and exporter. The country produces a wide variety of primary products, and exports mainly cereals, oilseeds and legumes, in addition to sugar cane. One of the most widespread plantations is the vine, which makes Australia a great exporter of wine.
In Australia, mining has long been a major primary industry and has largely contributed to the Australian economy. A wide variety of gems and minerals are still extracted throughout the country. In 2019, Australia was the world’s largest producer of iron and bauxite; the second largest of gold, manganese and lead; the third largest of zinc, cobalt and uranium. Australia is also the world’s largest producer of opal and is one of the largest producers of diamonds, rubies, sapphires and jade.
Food processing is an important industrial sector for the Australian economy, both in economic and employment terms. Industry players are of different sizes – from multinationals that produce large volumes of rapidly moving consumer goods, to small players with flexibility to meet the demand for niche items. The main categories of food and beverages include meat, cereals, dairy products, horticulture, seafood, confectionery and beverages, including wine, of which Australia is a major exporter. The industry provides a wide range of products to all distribution channels: retail, food service and food ingredients.
Australia has become internationally famous for clothing companies. In fact, the country exports fashion items, but also provides raw materials and materials. Due to the massive amount of arable land, Australia is able to grow a variety of natural textile fibers, such as cotton, hemp, and Banyan tree fibers. Australia’s unique natural materials used for fabrics make it stand out on the market. The country is also known for its sale of wool as a raw product. Because of the environment and plant life, Australia uses fibers from tree life to create clothes and other fabrics.
The Automotive industry encompasses all aspects of the motor vehicle supply chain, including manufacturing, wholesaling, retailing, and repair and maintenance. A substantial car industry was created in Australia in the 20th century through the opening of Australian plants by international manufacturers. Australia was best known for the design and production of ‘large’ sized passenger vehicles. As of 2008, four companies mass-produced cars in Australia.
Australia has a highly developed chemical industry, which includes the production of petrochemical products. Many mining companies, such as BHP and Comalco, perform the initial processing of raw materials. Similarly, Australian agriculture also feeds the chemical industry. Tasmania produces 40% of the world’s narcotic raw materials; some of these are locally converted into codeine and other pharmaceuticals.
Tourism in Australia is an important part of the national economy and includes domestic and international visitors. Since 2011, Australia has seen a steady increase in international arrivals, with dramatic growth observed each year since 2012. This growth is expected to continue: projections estimate that the number of international visitors to Australia will increase to 15 million by 2026-2027.
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