Australia

-0.97

Econ Complexity 71st of 89
1980
2016

$159B

Exports 23rd of 120
1980
2016

$181B

Imports 21st of 120
1980
2016

$46.8k

GDP Per Capita 11th of 89
1990
2016
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Looking for commercial partners in Australia? List your company on Macro Market.

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).

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

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