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Showing posts with the label Australia's Chemical Sector - Import Export Analysis

Australia's Chemical Sector - Import Export Analysis

  Australia is a prominent chemical exporting destination in the world. Given its isolated demography, Australia is rich in various vital chemicals and earth metal minerals. Australia's key chemicals exports include aluminium, copper, zinc, and radioactive metals. Inorganic chemicals are the main exports of Australia. According to Australia import export data reports, the country’s inorganic chemicals exports were recorded to be $6.4 billion during fiscal year 2023. Although, Australia’s inorganic chemicals exports declined by 13% as compared to FY 2022. Bahrain was the leading destination for Australia's inorganic chemicals imports worth over $1 billion in 2023. There was a notable increase in Australia's chemicals exports to the United Arab Emirates (11%), China (9.5%), Canada (7.8%) and Canada (7.5%) respectively.  Aluminium compounds accounted for 85% of Australia's overall exports. As per Australia export data , around $5.2 billion worth of inorganic chemicals wer...