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 Australia
 Trans-Pacific Partnership

Australia is a Key U.S. Export Market

  • Australia's economy is valued at $1.2 trillion*
  • $25 billion in goods and $22.3 billion in services were exported from the United States to Australia in 2015
  • 32,576 U.S. companies exported goods to Australia in 2014 – 91.9% were small and medium-sized companies
  • 123,583 U.S. jobs supported by goods exports to Australia and 142,116 jobs supported by services exports to Australia in 2015

Australia is an Important TPP Partner for
U.S. Exports of Industrial and Consumer Goods

Machinery


$3.5 Billion
In Exports
To Australia


The Machinery Sector includes products such as forklifts, motors, bulldozers, pumps, water filtration and purification machinery

Automotive
Products

$3.2 Billion
In Exports
To Australia


The Automotive Sector includes products such as motor vehicles, motorcycles, and auto parts such as vehicle engines, transmissions, and tires

Chemicals


$2.3 Billion
In Exports
To Australia


The Chemical Sector includes products such as cosmetics, paints, rubber products, plastics, fertilizers, and organic/inorganic chemicals

Health
Products

$2.1 Billion
In Exports
To Australia


The Health Products Sector includes
products such as pharmaceuticals, medical supplies, and medical devices

Information and Communication Technologies

$1.4 Billion
In Exports
To Australia


ICT Goods include products covered by the World Trade Organization’s Information Technology Agreement (ITA), including products covered by both the original ITA and the subsequent expansion negotiations, as well as other products such as optical fibers, audio-video equipment, television reception apparatus, coaxial cable, and batteries


TPP Works for America

2,991,102:

Jobs Supported by Goods Exported to TPP countries in 2015
$679.6 Billion:

2015 Total
U.S. Goods
Exported to
TPP Countries
174,331:

U.S. Companies
Exported Goods to
TPP Countries in 2014
97%:

SME share of U.S. Goods-Exporting
Companies to TPP Countries in 2014
30%:

SME share of U.S. Goods Exports to TPP Countries in 2014

Market Opportunity Spotlights

Aerospace and Defense:

Australia has committed to a significant expansion of its defense capabilities, proposing $152 billion in new equipment and systems acquisitions over the coming decade. The United States is by far the major overseas source for Australian military needs. The three major defense shows in Australia all prominently feature U.S. Pavilions. With the bilateral trade relationship already underpinned by the 11 year old AUSFTA and the eight year old Australia U.S. Defense Trade Cooperation Treaty, the TPP fine tunes an already robust partnership through improved customs provisions, regulatory coherence, and rules of origin that incentivize manufacturing in the United States.

High–Tech Equipment:

Australia is a strong and mature market for U.S. manufacturers of high-tech laboratory and scientific instruments. Australia’s overall science performance is among the strongest in the world, with a solid research presence in medical sciences, health sciences, and biotechnology. The main customers of the science industry are engaged in pathology, R&D, environmental testing, engineering, medical/health, and mining. Under TPP, the enhancement of regional supply chains and the elimination of customs inefficiencies will boost the competitiveness of American-made high-tech instruments in the Australian market.

* 2015 Nominal GDP
** TPP Countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru,
Singapore, the United States, and Vietnam
*** New TPP Countries: Countries with which the United States currently does not have preferential
market access - Brunei, Japan, Malaysia, New Zealand, and Vietnam

 


 

 

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