Australian exporters say the outlook for their business has improved in the past 12 months and they plan to expand into new international markets.
The Australian Trade and Investment Commission (Austrade) has released Australia’s International Business Survey 2016 (AIBS 2016) Highlights Report, which shows 67 per cent of exporters believe the outlook for their business is better compared to 2015.
Seventy-eight per cent of exporters surveyed also said they were planning to expand into additional overseas markets over the next two years.
The top target markets identified were China, the US, India, the UK and Indonesia.
AIBS 2016 is based on survey responses from 1,000 Australian businesses representing 19 industry sectors (and 93 subsectors) and operating across more than 100 international markets.
The survey aims to capture the views of a broad selection of business sizes and types, and participants are involved in a wide range of cross-border commercial activities, including exporting, importing, outward and inward investment, international research and development, and foreign government tenders.