Australia

0.30

Econ Complexity 56th of 185
1980
2014

$243B

Exports 21st of 220
1980
2014

$219B

Imports 21st of 220
1980
2014

$45.9k

GDP Per Capita 17th of 185
1990
2014

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

Economic Complexity of Australia

More on Australia from our sister sites