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Business envoy July 2021

Trade diversification of Australian exports

As Australia’s export credit agency, Export Finance Australia helps Australian businesses to expand into new markets when finance from commercial providers is unavailable.

This assists the diversification of Australia’s export trade by enabling exporters to pursue exports to new markets that might otherwise have been out of reach.

Since 2013, Export Finance Australia has provided over $1.1 billion in loans, guarantees and bonds which has helped over 500 Australian SMEs take on export opportunities.

This finance has supported over $6.2 billion in contracts to over 115 countries.

As Export Finance Australia’s role is to operate in the ‘market gap’, its customers are often those who are seeking to break into new or complex markets.

Because of its deep knowledge of emerging and frontier markets gained over many years, Export Finance Australia generally has a greater risk appetite than the private sector and may be able to assist in situations where private finance is not available.

Export Finance Australia has helped Australian companies take their products and services across the world, including welding machines to Africa, beauty products to Mexico, wine to Jamaica and mining services to Peru.

Export Finance Australia has dedicated business development teams across the country, which specialise in providing finance to small and medium-sized exporters.

Additionally, it has a Project and Structured Finance team in Sydney, which focuses on large transactions, often in complex markets, that help to facilitate small business involvement in export supply chains.

Export Finance Australia works closely with portfolio agencies DFAT and Austrade to help Australian exporters gain access to overseas markets.

It also has an Economics team which closely monitors and researches international markets and provides updates and country analysis on its website and in its monthly World Risk Developments publication.

If you are looking to export overseas, Export Finance Australia may be able to assist you with the financing you need to break into global markets.

To learn more about the Roadmap visit Technology Investment Roadmap: First Low Emissions Technology Statement 2020 | Department of Industry, Science, Energy and Resources

For more information visit www.exportfinance.gov.au or call 1800 093 724.

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