Beyond Established Trade Partners, Untapped Markets Could Add USD 24.07 Billion to Australia’s USD 344.86 Billion Export Potential by 2031
By 2031, China is projected to account for 44.35% of Australia’s export potential across existing product lines nearly four times Japan’s second-ranked share. However, the United States and India are expected to dominate opportunities across entirely new product lines, accounting for 37.19% and 21.96%, respectively. This divergence highlights Australia’s emerging trade challenge: the market that has historically anchored its export economy is increasingly different from the markets likely to drive its next phase of growth.
Source: 6WExportGTM
China, Japan and South Korea Anchor Australia's Exports as the United States and India Lead New Growth Opportunities
Australia's export strategy for 2031 rests on a trade base built almost entirely on resources iron ore, Coal (Non-Agglomerated), gold and gas sold overwhelmingly into Asia, while a much smaller set of new corridors is starting to point somewhere else entirely. In established trade relationships, export potential reaches USD 320.79 billion, led by China at 44.35% (USD 142.28 billion), more than three times the share of second-placed Japan at 11.86% (USD 38.06 billion). South Korea, India and the United States round out the top five, confirming that Australia's resource exports remain functionally a single-customer story, even with four other significant buyers in the mix.
Top 5 Current Leading Importers | Export Potential (USD Billion) | Top 5 New Potential Importers for New Product Lines | Export Potential (USD Billion)
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28 Oct 2025
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