International trade encourages the exchange and adoption of internationally competitive innovations.
Trade exposure, top 6 industries, 2021–22
Trade exposure encourages the adoption of internationally competitive innovations. Source: ABS 2024b
This chart illustrates the trade exposure of Australian industries in 2021–22. It indicates that the mining sector has the highest export propensity, followed by the manufacturing and agriculture, forestry, and fishing industries. The manufacturing sector also has the highest import penetration
Foreign Direct Investment in Australia, top 6 industries
Foreign Direct Investment encourages the introduction of new ideas and technologies from overseas. Source: ABS 2009, 2014d, 2019e, 2024d
This chart shows the value of inward foreign direct investment (FDI) across 6 industries from 2014 to 2023.
Across the majority of industries, the amount of inward FDI has increased over this period. The industry with the most inward FDI is the financial and insurance activities which has increased from $50,915 million in 2014 to $148,985 million in 2023. The other industries with the largest inward FDI are the real estate and wholesale and retail trade industries