The Middle East has become Australia’s key export market with 56 per cent of respondents to a survey confident of increasing sales to the region over the next 12 months.
The 2009 DHL Export Barometer, with 864 Australian exporters participating, revealed that China had slipped from first to fourth position on the ranking, falling nine per cent from last year.
It also showed new exporters recorded the greatest increase in orders in the last three months and are almost twice as confident as seasoned exporters of increasing profitability in the next year.
Due to the economic downturn, exporters reported a record slump in sales in the last three months; however, exporters with less than five years’ experience fared much better with a 38 per cent rise in orders compared with 27 per cent of companies exporting for more than 20 years.
Aircargo Asia Pacific
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