Australia has a growing economy, and many people often overlook how big the market actually is. The country is in fact the 13th largest economy in the world, comparable to countries like Russia and South Korea.
Services and natural resources

Australia offers business opportunities in plenty of industries. The most promising sectors are mining, oil and gas, construction, medical technology, food processing, agricultural tech, and defence and security equipment. The stable backbone of the Australian economy is the service industry, whereas the mining industry is the catalyst for economic growth. There are approximately 400 operational mines in Australia. It is the largest miner of bauxite and alumina in the world and one of the world’s top five miners of iron ore, zinc, gold, uranium, nickel, coal, diamond and copper.

Potential growth for Swedish companies

As the fourth largest export market outside of Europe, Australia is an important trade partner for Sweden. Today, over 150 Swedish companies are present in the country and around 500 more do business through local partners. In 2018, the total Swedish export to Australia exceeded 17.4 billion SEK. Swedish enterprises have a good reputation and are known for delivering a high-level standard of quality. As mentioned below in the interview with Trade & Invest commissioner Martin Ekberg, the Australian economy continues to offer plenty of opportunities to Swedish companies, despite the geographical distance between both countries.

How we can help

Business Sweden has been promoting Swedish businesses in Australia since 1974. Our office in Sydney offers strategic support and advice through a network of local business leaders and decision makers. From Sydney, we also cover New Zealand and the Pacific Islands.