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Australia trade in 2024

In 2024, Australia exported $363.2 billion and imported $288.9 billion, a trade surplus of $74.3 billion. It was the world's 20th-largest exporter, with 1.6% of world exports. Its top export was iron ore (25% of the total) and its main trading partner was China (31.7% of its trade).

Summary

Exports
$363.2billion
Imports
$288.9billion
Trade balance
+$74.3billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Iron ore (25%) and coal (16.3%) together make up 41.3% of its exports.

  1. Iron ore$90.8 billion · 25%
    Main partner: China
  2. Coal$59.3 billion · 16.3%
    Main partner: Japan
  3. Natural gas and LPG$49 billion · 13.5%
    Main partner: Japan
  4. Gold$34 billion · 9.4%
    Main partner: China
  5. Crude petroleum$6.4 billion · 1.8%
    Main partner: South Korea
  6. Aluminum oxide and hydroxide$6.4 billion · 1.8%
    Main partner: Bahrain
  7. Frozen beef$5.6 billion · 1.6%
    Main partner: United States
  8. Wheat$5.5 billion · 1.5%
    Main partner: China
  9. Copper ore$5.3 billion · 1.5%
    Main partner: Japan
  10. Unwrought aluminum$3.8 billion · 1.1%
    Main partner: South Korea

What it imports

Refined petroleum (10.9%) and cars (8.3%) together make up 19.2% of its imports.

  1. Refined petroleum$31.4 billion · 10.9%
    Main partner: South Korea
  2. Cars$24 billion · 8.3%
    Main partner: Japan
  3. Trucks$10.6 billion · 3.7%
    Main partner: Thailand
  4. Cameras and broadcast equipment$8.2 billion · 2.8%
    Main partner: China
  5. Computers$7.6 billion · 2.6%
    Main partner: China
  6. Gold$6.5 billion · 2.3%
    Main partner: Papua New Guinea
  7. Medicines in measured doses or retail packs$5.9 billion · 2.1%
    Main partner: United States
  8. Crude petroleum$5.2 billion · 1.8%
    Main partner: Malaysia
  9. Vaccines, blood and antisera$4.5 billion · 1.6%
    Main partner: United States
  10. Batteries$4 billion · 1.4%
    Main partner: China
By Harmonized System chapter (96)
ChapterExportsImports
27 · Oil, gas and coal$116.4 billion$37.8 billion
26 · Ores and slag$105 billion$714 million
71 · Gems and precious metals$37.1 billion$8.7 billion
02 · Meat and offal$14.1 billion$689 million
10 · Cereals$8.3 billion$295 million
28 · Inorganic chemicals$8 billion$2.2 billion
76 · Aluminum$4.7 billion$2.6 billion
84 · Mechanical machinery$4.5 billion$41.4 billion
74 · Copper$4.4 billion$1 billion
25 · Salt, stone and cement$4.2 billion$593 million
12 · Oilseeds and grains$3.9 billion$444 million
90 · Precision and medical instruments$3.7 billion$10.1 billion
30 · Pharmaceuticals$3.1 billion$10.9 billion
85 · Electrical and electronic equipment$2.9 billion$31.9 billion
07 · Vegetables$2.7 billion$341 million
22 · Beverages and spirits$2.4 billion$2 billion
52 · Cotton$2.3 billion$55 million
04 · Dairy, eggs and honey$2.3 billion$1.2 billion
75 · Nickel$2.1 billion$99 million
08 · Fruit and nuts$2.1 billion$809 million
72 · Iron and steel$2 billion$1.7 billion
51 · Wool$1.8 billion$46 million
17 · Sugar and sweets$1.8 billion$420 million
21 · Food preparations$1.5 billion$2.8 billion
44 · Wood$1.4 billion$1.9 billion
87 · Vehicles$1.3 billion$43.1 billion
79 · Zinc$1.2 billion$40 million
88 · Aircraft and spacecraft$1.2 billion$4.3 billion
15 · Fats and oils$1.2 billion$1 billion
01 · Live animals$1.1 billion$188 million
39 · Plastics$954 million$7.9 billion
03 · Fish and seafood$870 million$901 million
78 · Lead$855 million$10 million
11 · Milling products and malt$839 million$187 million
33 · Perfumes and cosmetics$832 million$2.7 billion
48 · Paper and paperboard$715 million$2.9 billion
19 · Baked goods and cereal products$693 million$1.9 billion
73 · Iron and steel products$685 million$6.8 billion
32 · Dyes, paints and tanning agents$672 million$845 million
23 · Animal feed and food waste$659 million$1.2 billion
41 · Hides and leather$480 million$45 million
95 · Toys and sports gear$462 million$3.2 billion
38 · Miscellaneous chemicals$428 million$2.2 billion
05 · Other animal products$393 million$82 million
89 · Ships and boats$372 million$1.3 billion
31 · Fertilizers$321 million$3.8 billion
35 · Glues, starches and enzymes$297 million$391 million
18 · Cocoa and chocolate$282 million$1 billion
34 · Soap and cleaning products$269 million$1.2 billion
29 · Organic chemicals$245 million$2.1 billion
94 · Furniture and lighting$234 million$5.5 billion
16 · Prepared meat and fish$216 million$908 million
40 · Rubber$215 million$4.1 billion
49 · Books and printed matter$209 million$609 million
20 · Preserved fruit and vegetables$208 million$1.5 billion
47 · Wood pulp$187 million$222 million
93 · Weapons and ammunition$173 million$486 million
81 · Other base metals$133 million$117 million
63 · Home textiles and used clothing$133 million$1.7 billion
82 · Tools and cutlery$131 million$1.2 billion
83 · Miscellaneous metal goods$123 million$1.2 billion
62 · Woven clothing$121 million$4 billion
61 · Knitted clothing$107 million$4.2 billion
64 · Footwear$102 million$2 billion
97 · Art and antiques$102 million$193 million
36 · Explosives and matches$101 million$220 million
68 · Stone, plaster and cement articles$97 million$849 million
70 · Glass$95 million$887 million
91 · Watches and clocks$93 million$832 million
42 · Leather goods and bags$81 million$1.6 billion
86 · Railway equipment$70 million$974 million
56 · Felt, nonwovens and rope$52 million$280 million
69 · Ceramics$43 million$921 million
59 · Coated and technical textiles$42 million$235 million
13 · Gums and plant extracts$39 million$160 million
09 · Coffee, tea and spices$39 million$918 million
96 · Other manufactured goods$37 million$681 million
57 · Carpets and rugs$24 million$401 million
54 · Synthetic filaments$21 million$283 million
06 · Live plants and flowers$16 million$121 million
60 · Knitted fabric$15 million$57 million
55 · Synthetic staple fibers$12 million$99 million
80 · Tin$11 million$13 million
37 · Photographic goods$11 million$75 million
92 · Musical instruments$10 million$164 million
24 · Tobacco$10 million$296 million
65 · Hats$9 million$285 million
58 · Special fabrics and lace$6 million$46 million
43 · Fur and fur goods$3 million$19 million
67 · Feathers and artificial flowers$3 million$85 million
45 · Cork$2 million$24 million
53 · Other plant fibers$1 million$35 million
66 · Umbrellas and canes$729 thousand$51 million
46 · Wicker and basketware$505 thousand$35 million
14 · Other plant products$275 thousand$11 million
50 · Silk$200 thousand$3 million

Trading partners

China is its main destination (36.3% of exports) and source (26% of imports).

Who it sells to

PartnerValue (USD billions)ShareMode
China13236.3%Sea
Japan49.313.6%Sea
South Korea29.48.1%Sea
India18.15%Sea
United States15.44.3%Sea
Taiwan14.54%Sea
Indonesia10.12.8%Sea
United Kingdom82.2%Air
Singapore7.82.1%Sea
Hong Kong7.62.1%Air

Who it buys from

PartnerValue (USD billions)ShareMode
China75.226%Sea
United States34.211.8%Sea
Japan17.15.9%Sea
South Korea16.65.8%Sea
Thailand144.9%Sea
Germany12.64.4%Sea
Malaysia11.54%Sea
Singapore103.5%Sea
Vietnam7.92.7%Sea
India7.82.7%Sea

Overview 1995–2024

In 2024, Australia accounted for 1.6% of world exports, compared with 1.1% in 1995.

Exports and imports

Exports grew 6.5-fold since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 363
  • Imports 289
  • Balance +74.3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$56.1 billion$57.8 billion-$1.6 billion
1996$64.1 billion$61.5 billion$2.6 billion
1997$66.5 billion$61.6 billion$5 billion
1998$62.2 billion$60.7 billion$1.5 billion
1999$59.5 billion$65.5 billion-$6 billion
2000$68.8 billion$72.1 billion-$3.3 billion
2001$69.8 billion$65.5 billion$4.3 billion
2002$70.8 billion$73.2 billion-$2.3 billion
2003$75.5 billion$90.1 billion-$14.6 billion
2004$96.2 billion$109.5 billion-$13.4 billion
2005$117.1 billion$124 billion-$6.9 billion
2006$134.2 billion$139 billion-$4.8 billion
2007$158.9 billion$164.5 billion-$5.6 billion
2008$202.7 billion$196 billion$6.7 billion
2009$166.7 billion$160.1 billion$6.6 billion
2010$217.2 billion$196.6 billion$20.6 billion
2011$264.6 billion$231.5 billion$33.1 billion
2012$267.7 billion$241.8 billion$26 billion
2013$267.2 billion$227 billion$40.2 billion
2014$268.2 billion$219.7 billion$48.6 billion
2015$212.6 billion$194.9 billion$17.7 billion
2016$206 billion$186.1 billion$19.8 billion
2017$264 billion$219.8 billion$44.2 billion
2018$275.7 billion$231 billion$44.7 billion
2019$296.7 billion$220.8 billion$75.9 billion
2020$265.3 billion$210.9 billion$54.5 billion
2021$365.7 billion$257.9 billion$107.9 billion
2022$435.3 billion$303 billion$132.3 billion
2023$399.8 billion$285.3 billion$114.5 billion
2024$363.2 billion$288.9 billion$74.3 billion

World rank

Australia rose from 22nd to 20th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 22nd in 1995
  • 20th in 2024

Source: CEPII BACI

Show the numbers
YearRank
199522nd
199621st
199721st
199822nd
199924th
200024th
200124th
200223rd
200326th
200427th
200525th
200624th
200724th
200823rd
200923rd
201022nd
201122nd
201222nd
201322nd
201421st
201521st
201622nd
201721st
201823rd
201919th
202021st
202118th
202218th
202319th
202420th

What it sells

Its top export group is still oil, gas and coal: 32% in 2024

% of exports by Harmonized System chapter.

  • Other 18%
  • Mechanical machinery 1%
  • Aluminum 1%
  • Inorganic chemicals 2%
  • Cereals 2%
  • Meat and offal 4%
  • Gems and precious metals 10%
  • Ores and slag 29%
  • Oil, gas and coal 32%

Source: CEPII BACI

Show the numbers
Chapter19952024
Oil, gas and coal18.5%32.1%
Ores and slag8.4%28.9%
Gems and precious metals6.9%10.2%
Meat and offal5%3.9%
Cereals2.4%2.3%
Inorganic chemicals3.6%2.2%
Aluminum4.1%1.3%
Mechanical machinery6.2%1.2%
Other44.9%17.9%

Who it trades with

China went from 5% to 32% of Australia's trade

% of total trade (exports + imports) with each partner.

  • China 32%
  • Japan 10%
  • United States 8%
  • South Korea 7%
  • India 4%

Source: CEPII BACI

Show the numbers
Partner19952024
China4.7%31.7%
Japan20%10.2%
United States14.3%7.6%
South Korea5.9%7.1%
India1.7%4%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

  • Loy Yang A power stationPower · 15.4 Mt CO₂e
  • Eraring power stationPower · 15.2 Mt CO₂e
  • Bayswater power stationPower · 14.6 Mt CO₂e
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Largest economic production hubs (gridded GDP, 2024)

  • Sydney$416.6 billion (PPP, 2021 dollars)
  • Melbourne$331.2 billion (PPP, 2021 dollars)
  • Perth$256.8 billion (PPP, 2021 dollars)
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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

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