In 2018, trade between Australia and Brazil was $1.5 billion.  Australia`s major exports to Brazil include: coal; Crude oil; nickel ores and concentrates; aluminium. Brazil`s main exports to Australia are: medicine; Coffee; equipment and civil engineering parts; and personal travel services.  Brazil is by far Australia`s largest export market in Latin America, particularly in the areas of tourism, travel and education, and accounts for half of Australia`s direct investment in the region.  For more information, see the Austrade website here a comprehensive overview of political, economic, bilateral and regional trade agreements. Austrade helps companies around the world identify and exploit investment opportunities in Australia and source Australian goods and services. The aid includes: Austrade provides information, advice and a number of business services to help Australian businesses work at costs and risks of time and risk. Given that the two major economies are in the tropics, Australia and Brazil, they face common challenges and opportunities. Australia and Brazil continue to develop a partnership for global leadership in tropical products and services such as agriculture, health and infrastructure, which provides both countries with trade, investment and education opportunities. The Australian Trade and Investment Commission – Austrade – contributes to Australia`s economic prosperity by helping Australian businesses, educational institutions, tourism operators, governments and citizens: Brazil is Australia`s 29th largest trading partner, with a total of 0.4% (AUD 3.4 billion) of Australia`s trade portfolio in 2017. Exports of AUD 2.5 billion to Brazil were mainly coal, crude oil, aluminum and education. Imports from Brazil included medicines, coffee and technical equipment. There is no better partner for trade, investment and cooperation than Australia.
For more information, see the 2016 benchmark report. Two chambers of commerce and two business councils encourage and support trade between Brazil and Australia: the December 2016 edition of the Australian Government Business Envoy publication is devoted to Latin America. In the presentation of this edition, Australia`s Minister of Trade, Tourism and Investment, The Hon Steven Ciobo MP, noted that Australia is “transferring our economy after the mining boom to an economy based on innovation, diversification and engagement in international markets. The renewal and expansion of our relations with Latin American countries is part of this plan.