At present time South Korea and Australia share a vibrant and complementary trading relationship. Australia provides raw materials, foodstuffs and services to South Korea, and imports finished products such as cars, telecommunications equipment and computers. South Korea is Australia's third-largest goods export market (A$ 18,6 billion in 2008). The largest merchandise export items by value in 2008 were coal (A$ 5,6 billion), iron ($ 3,4 billion), crude petroleum ($ 2,3 billion), aluminium ($ 776 million) and beef ($ 702 million).
Product certification, packaging, quoting
Shipments of vegetable products, livestock and animal products, plants, seeds must be accompanied by sanitary certificates issued by Australian Quarantine and Inspection Service of the Commonwealth Department of Agriculture, Fisheries and Forestry-Australia. Certificates of authority to manufacture, issued by the appropriate authority in the exporting country, are required for shipments of pharmaceutical, medical instruments, sanitary material and cosmetics.
Labels on most foods must show:
• product name;
• ingredients in descending order of composition;
• weights or quantities;
• manufacturer's name;
• importer's name, address and phone number;
• dates of manufacture;
• methods of preservation;
• expiry dates;
• places where the product can be returned or exchanged.
Payment is usually made in US dollars. Australian dollars are also becoming prevalent.
Documentary requirements
There is no special form prescribed to commercial invoice. It must be issued and signed by the seller and show unit cost of each article, and, if necessary, other costs.
Bill of lading may be required to bear the name and address of the consignee.
Minimum of two copies of packing list is required. It must contain a full description of the contents of the shipment.
Certificate of origin is required only if specified in letter of credit or specifically requested by importer. | 
