Sydney is your world-class source
for services, manufacturing, mining and agriculture.
Trade
New South Wales' (NSW) share of exports to Asia has grown markedly in the last couple of years, driven largely by exports of mineral resources, particularly coal. NSW exports to other regions have grown strongly although at a slower rate.
NSW's exports to ASEAN countries continue to benefit from Australia's free trade agreements. The agreement with Singapore has been in force since July 2003, while the agreement with Thailand was implemented in January 2005. The ASEAN agreement (with Australia and New Zealand) was signed in February 2009 and entered into force for most countries in early 2010. These agreements are comprehensive, covering nearly all bilateral trade.
Read more about NSW export markets by region.
NSW dominates exports of professional, financial and computer and information services in Australia, reflecting its strengths as a provider of solutions and services to businesses world-wide. We are also the nation's largest provider of tourism and education related services to the international market.
Video - Food and beverages from Sydney and NSW
The State's large manufacturing industry makes up almost a fifth of total exports. Elaborately transformed manufactures such as medicinal and pharmaceutical products, medical devices, and electrical equipment and machinery represent more than two-thirds of New South Wales’ manufacturing exports, reflecting the State’s strengths in advanced manufacturing and high-technology goods.
Mining provided more than one-quarter of NSW's exports in 2008-09, an increase of seven percentage points on its share of total State exports in 2007-08.
NSW has a significant agricultural export industry which grew strongly in 2008-09.
Read more about trade and investment in Sydney and NSW.
KEY FACTS
- New South Wales' exports have grown by an average of 4 percent every year over the last five years.
- Key drivers of export growth over the last five years were services, manufactures and fuels.
- Services exports increased by 1% to $21 billion in 2009, driven mostly by education and personal-related travel, while professional and management consulting services are now among NSW top 4 exports.
- Growth in exports to Japan - NSW's top export destination - remains robust, while exports to India, the USA and New Zealand are also growing strongly.
- China is NSW's biggest two-way trading partner. In 2009-10, bilateral trade with China was valued at $21.6 billion.
- New South Wales has a financially stable economy. In 2009, the Government was awarded triple-A ratings from both Moody's and Standard & Poor's.
For expert assistance in bringing your business to Sydney, contact your nearest NSW Government business office or the NSW Trade & Investment.
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