Tag: United States

While our trade data is dominated by swings in the commodity cycle, some new data from the Australian Bureau of Statistics (ABS) tells us a little bit more about the Australian exporter community and how its members have been affected by the GFC.

The US remains the largest developed market in the world and a big influence on other global markets. It remains important for any company with global ambitions. The current economic environment does not do a lot to encourage Australian firms to focus on the US. However, innovative new models and technology have dramatically changed the cost of entering and developing the US market. Australian firms can now do much of the early market development work without having to hire a US-based team.