2022
Flag  
GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
 GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC 
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186
2022
Flag
GDP PC
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186

About

Germany-Australia Trade: In 2022, Germany exported $12.4B to Australia. The main products that Germany exported to Australia were Cars ($1.94B), Vaccines, blood, antisera, toxins and cultures ($1.17B), and Packaged Medicaments ($857M). Over the past 5 years the exports of Germany to Australia have increased at an annualized rate of 2.99%, from $10.7B in 2017 to $12.4B in 2022.

In 2020, Germany exported services to Australia worth $2.03B, with Transportation ($916M), Royalties and license fees ($373M), and Computer and information services ($339M) being the largest in terms of value.

Australia-Germany Trade: In 2022, Australia exported $3.86B to Germany. The main products that Australia exported to Germany were Rapeseed ($1.25B), Coal Briquettes ($1.14B), and Precious Metal Ore ($330M). Over the past 5 years the exports of Australia to Germany have increased at an annualized rate of 15.5%,  from $1.88B in 2017 to $3.86B in 2022.

In 2009, Australia exported services to Germany worth $869M, with Travel ($599M), Transportation ($176M), and Other business services ($57M) being the largest in terms of value.

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $12.4B to Australia. The main products exported from Germany to Australia were Cars ($1.94B), Vaccines, blood, antisera, toxins and cultures ($1.17B), and Packaged Medicaments ($857M). During the last 5 years the exports of Germany to Australia have increased at an annualized rate of 2.99%, from $10.7B in 2017 to $12.4B in 2022.

In 2017, Australia exported $3.86B to Germany. The main products exported from Australia to Germany were Rapeseed ($1.25B), Coal Briquettes ($1.14B), and Precious Metal Ore ($330M). During the last 5 years the exports of Australia to Germany have increased at an annualized rate of 15.5%, from $1.88B in 2022 to $3.86B in 2017.

Exports from Germany (Flag) to Australia (Flag) (2022)

Exports from Australia (Flag) to Germany (Flag) (2022)

Market Competitiveness

Color
Germany
Top Destination
United States$153B
Australia
Top Destination
China$123B

This map shows whether countries import more from Germany or Australia. Each country is colored based on the difference in imports they receive from Germany and Australia or the difference in the growth in imports.

In 2022, countries that imported more from Germany than Australia included United States ($153B), France ($120B), and Netherlands ($109B).

In 2022, countries that imported more from Australia than Germany included Japan ($80.1B), South Korea ($41B), and India ($31.5B).

Difference in imports from Australia (Flag) and Germany (Flag) (2022)

Comparative Advantage Germany - Australia

Flow
Scale

This chart compares trade between Germany and Australia by product, considering products traded by both, Germany and Australia.

During 2022, Germany had a large net trade with Australia in the exports of Machines ($3.31B), Transportation ($3.3B), and Chemical Products ($2.72B).

During 2017, Australia had a large net trade with Germany in the exports of Mineral Products ($1.66B), Vegetable Products ($1.3B), and Chemical Products ($177M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Australia+$337MCars
Top Product Potential Australia Germany+$186MCoal Briquettes

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Germany and Australia. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Germany.

Product Space of Germany (Flag) and Australia (Flag) (2022)

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