Australia Imports and Exports Trade Partners

Australia is the 22nd largest export economy in the world. 


In 2016, Australia exported $195B and imported $187B, resulting in a positive trade balance of $7.92B. In 2016 the GDP of Australia was $1.2T and its GDP per capita was $46k.

Australia is an island and borders Indonesia, Timor-Leste, New Caledonia, New Zealand, Papua New Guinea and the Solomon Islands by sea.

The top exports of Australia are Iron Ore ($38.1B), Coal Briquettes ($30.7B), Gold ($20.5B), Petroleum Gas ($14.2B) and Aluminium Oxide ($4.22B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Cars ($16.6B), Refined Petroleum ($10.7B), Computers ($6.13B), Packaged Medicaments ($5.61B) and Crude Petroleum ($5.42B).

The top export destinations of Australia are China ($65.4B), Japan ($27.2B), South Korea ($14.2B), India ($9.3B) and the United States ($8.86B). The top import origins are China ($43.8B), the United States ($21.5B), Japan ($14.5B), Thailand ($11.6B) and Germany ($10.1B).


Exports
In 2016 Australia exported $195B, making it the 22nd largest exporter in the world. During the last five years the exports of Australia have decreased at an annualized rate of -6.6%, from $275B in 2011 to $195B in 2016. The most recent exports are led by Iron Ore which represent 19.5% of the total exports of Australia, followed by Coal Briquettes, which account for 15.7%.


Imports
In 2016 Australia imported $187B, making it the 23rd largest importer in the world. During the last five years the imports of Australia have decreased at an annualized rate of -3.8%, from $229B in 2011 to $187B in 2016. The most recent imports are led by Cars which represent 8.85% of the total imports of Australia, followed by Refined Petroleum, which account for 5.71%.


Trade Balance
As of 2016 Australia had a positive trade balance of $7.92B in net exports. As compared to their trade balance in 1995 when they had a negative trade balance of $1.17B in net imports.


Destinations
The top export destinations of Australia are China ($65.4B), Japan ($27.2B), South Korea ($14.2B), India ($9.3B) and the United States ($8.86B). Nigeria is also not far off in the list.