The import-export business is one of the most attractive and profitable businesses in Australia. Australia has strong trade ties with the rest of the world. Its economic resilience and sustained growth provide an attractive, safe and low-risk environment in which to do business. Its location has also allowed Australia to become a major supplier to the markets.
The Australian Government has a number of policies that seek to develop and assist Australian businesses involved in international trade. Regulation also exists to protect domestic industries and environment from dangerous goods imported from overseas. The top 5 export destinations of Australia are China, Japan, South Korea, India, and United States, Statesand top 5 import origins are China, United States, Japan, Singapore, and Germany. The value of export of goods and services is $318.5 billion in 2013, which is grown by 6%.
Australia is a nation of boundless opportunity in a country of endless potential. Its economy is consistently ranked among the strongest of advanced economies in the Organisation for Economic Co-operation and Development. It is the world’s twelfth largest economy and a top-performing nation on almost every measure of excellence, from health to wealth, from ease of doing business to educational attainment. It seeks to protect and advance its national interests in a rapidly changing environment, while supporting a stable global order. Australia has been integrally involved in global efforts to build peace and security for decades, just as it has in promoting global trade and investment liberalisation.
- Find ATO benchmarks at (https://www.ato.gov.au/Business/Small-business-benchmarks/In-detail/About/Small-business-benchmarks/)offer a broad database of small business benchmarks, which are a guide to help business compare their performance against similar businesses in the industry.
- Establish a comprehensive service experience for the clients that includes consultation, product/client search, purchasing contracts, warehousing, shipping, delivery, and follow up service analysis.
- The business must make good on its delivery promises. Because of the nature of doing import-export business, this requires long-range planning in scheduling orders, taking into account the holidays and business practices.
- Good, Strong and sustainable relationship with the supplier, manufacturer and distribution channels to meet timely demand from the customers.
- Conduct a market research that helps to make sound import-export marketing decisions by giving a clear picture of the economic, political and cultural factors that affect the ability to sell product or service. Ultimately, market research saves time, money and effort by reducing the exposure to unknowns.