Market Insights are a new suite of online resources for business drawn from the Australian Government’s vast international network.
The Australian Government’s international footprint provides access and exposure to both major and emerging economies across the globe. Our diplomats and officials have broad and influential networks and experience which they leverage to gather insights about the opportunities and challenges of doing business overseas.
Complementing the expertise that business develop independently, Market Insights provide an additional independent source of analysis to evaluate the international business landscape.
Market Insights are online resources designed to help Australian businesses better understand and navigate international markets. They describe commercial opportunities, economic conditions, key trends and risks across priority trade and investment markets for Australia.
Market Insights are a further way the Australian Government is providing ongoing, value-added, and practical support to Australian businesses.
Market Insights are available on the Department of Foreign Affairs and Trade website for all of Australia’s free trade agreement partners, including for the six countries that have brought the Comprehensive and Progressive Agreement for
Trans-Pacific Partnership into force to date.
Market Insights for these countries provide a further source of analysis for Australian businesses looking to take advantage of the gains made under this historic agreement.
See Market insights for more information.
Vietnam is one of Southeast Asia’s fastest growing economies and is expected to be a global top 20 economy by 2050 (in purchasing power parity terms). Vietnam’s foreign direct investment-led growth provides opportunities for Australian companies to grow Australia’s modest investment footprint in the country ($2.3 billion in 2017), by building on existing Australian investments.
Australia’s world-class health and medical technology sector is well placed to partner with Japan as it manages the demands of an ageing population.
Australian research institutes and universities are working with Japanese firms across a number of fields, including pharmaceuticals and regenerative medicine, which have been identified as a priority by the Japanese Government.
Singapore imports 90 per cent of its food, and there are numerous opportunities in food and agritech. There is a desire for diverse food supplies, especially for innovative, high-quality, well-priced and tasty, clean ‘green’ products.
Canadian firms operating in fintech, blockchain and artificial intelligence have shown keen interest in the Australian market. Canada’s tech sector which is concentrated in Toronto, Vancouver and Montreal, is growing rapidly.
The country has the third-largest concentration of researchers in the field of AI. Foreign direct investment is increasingly skewed to high-tech activity, including ICT, video gaming, fintech and AI.
New Zealand’s infrastructure and housing needs and the government’s significant commitments in these areas will provide numerous opportunities for Australian businesses over the next decade.
Mexican students are increasingly looking for alternative study destinations beyond the United States, and Australia’s experience with vocational education is highly regarded. The number of Mexican students studying in Australia has grown by an average of 13 per cent a year for the past five years.