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Australia

EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of Australia
Map of Australia

Country Facts

Nominal GDP1,225.70 Billion USD
Population23.90 Million
Total Trade/GDP41.00%
CurrencyAustralian Dollar (AUD)
Merchandise Imports from Canada1,890.30 Million CAD
Canadian direct investment24,836 Million CAD
Main importsIntermediate Goods, Food, Beverage & Tobacco, Capital Goods

EDC in Australia

Canadian companies assisted522
International buyers insured760
Business volume2,607.99 Million CAD

Business Environment

Australia has experienced over two decades of continuous economic expansion, during which it has progressed into a highly-developed country offering tremendous opportunity for Canadian companies in a variety of sectors. Openness to global trade and investment is firmly entrenched and is supported by a transparent business environment and well-established legal and regulatory regimes. Australia has strong economic ties with emerging and developed economies throughout the region having recently concluded several trade agreements with key Asian partners and has been actively engaged in regional fora such as the Asia-Pacific Economic Cooperation (APEC) and the Association of Southeastern Nations (ASEAN). As such, Canadian companies can look to leverage these connections or explore partnerships with Australian firms in order capitalize on the abundant opportunities available in neighboring markets.

Key Industries

  • Agriculture
  • Construction & Infrastructure
  • Environmental Infrastructure & Waste Water
  • Forestry (Lumber, Pulp & Paper)
  • Mining & Metals
  • Oil & Gas

How we can support your business

Through our Head Office operations in Ottawa, we provide support to Canadian companies planning on or currently doing business in Australia. Our market experts have developed strategic relationships with major buyers in several sectors as well as a network of local contacts in the market.

  • We are well positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

Consult our interactive Country Risk Quarterly report.

 

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Related Information

Country Risk Quarterly

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