Australia is the 23rd largest export economy in the world and the 72nd most complex economy according to the Economic Complexity Index (ECI). In 2016, Australia exported $159B and imported $181B, resulting in a negative trade balance of $22.5B. In 2016 the GDP of Australia was $1.2T and its GDP per capita was $46.8k.
The top exports of Australia are Iron Ore ($38.8B), Coal Briquettes ($27.2B), Gold ($13.5B), Wheat ($3.57B) and Crude Petroleum ($3.53B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Cars ($16B), Refined Petroleum ($10.7B), Computers ($6.07B), Crude Petroleum ($5.9B) and Packaged Medicaments ($5.64B).
The top export destinations of Australia are China ($55.1B), Japan ($18.9B), South Korea ($11.2B), the United States ($8.26B) and the United Kingdom ($7.41B). The top import origins are China ($37.3B), the United States ($22.1B), Japan ($14.1B), Germany ($10.1B) and Singapore ($9.4B).