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Australia – Trade Statistics

  • Australia is the 21st largest export economy in the world and the 56th most complex economy according to the Economic Complexity Index (ECI). In 2014, Australia exported $243B and imported $219B, resulting in a positive trade balance of $24.8B.
  • In 2014 the GDP of Australia was $1.45T and its GDP per capita was $45.9k.
  • The top exports of Australia are Iron Ore ($60B), Coal Briquettes ($37.2B), Petroleum Gas ($16.3B), Gold ($16.3B) and Crude Petroleum ($9.1B), using the 1992 revision of the HS (Harmonized System) classification.
  • Its top imports are Refined Petroleum ($16.6B), Crude Petroleum ($16.2B), Cars ($15.7B), Computers ($7.37B) and Packaged Medicaments ($6.5B). The top export destinations of Australia are China ($82.9B), Japan ($43.1B), South Korea ($19B), India ($11.1B) and the United States ($10B).
  • The top import origins are China ($45.7B), the United States ($24.5B), Japan ($15.4B), Singapore ($11.8B) and Germany ($10.6B).
  • Australia holds a place of 13th out of 189 popular countries(economically) in case of doing a business in country.’Getting Credit’ is one of the topics in which Australia has increased it’s ranking from 4 to 5 and also country has increased it’s ranking from 7 to 11 in case of ‘Starting a Business’.