2023
Flag  
GDP
$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH
18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
 GDP
$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH
9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC 
$54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH
15.1%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC
$64,821CURRENT US$
Rnk 16 / 196
2013-2023
Flag
GDP PC GROWTH
-4.94%CURRENT US$
Rnk 159 / 195

About

Germany-Australia Trade: In 2023, Germany exported $13B to Australia. The main products that Germany exported to Australia were Cars ($1.98B), Packaged Medicaments ($783M), and Vaccines, blood, antisera, toxins and cultures ($716M). Over the past 5 years the exports of Germany to Australia have increased at an annualized rate of 2.35%, from $11.5B in 2018 to $13B in 2023.

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 2023, Australia exported $4.88B to Germany. The main products that Australia exported to Germany were Coal Briquettes ($2.18B), Rapeseed ($800M), and Copper Ore ($296M). Over the past 5 years the exports of Australia to Germany have increased at an annualized rate of 13.7%,  from $2.57B in 2018 to $4.88B in 2023.

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 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $13B to Australia. The main products exported from Germany to Australia were Cars ($1.98B), Packaged Medicaments ($783M), and Vaccines, blood, antisera, toxins and cultures ($716M). During the last 5 years the exports of Germany to Australia have increased at an annualized rate of 2.35%, from $11.5B in 2018 to $13B in 2023.

In 2018, Australia exported $4.88B to Germany. The main products exported from Australia to Germany were Coal Briquettes ($2.18B), Rapeseed ($800M), and Copper Ore ($296M). During the last 5 years the exports of Australia to Germany have increased at an annualized rate of 13.7%, from $2.57B in 2023 to $4.88B in 2018.

Exports from Germany (Flag) to Australia (Flag) (2023)

Exports from Australia (Flag) to Germany (Flag) (2023)

Market Competitiveness

Color
Germany
Top Destination
United States$157B
Australia
Top Destination
China$137B

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 2023, countries that imported more from Germany than Australia included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Australia than Germany included Japan ($59B), China ($137B), and Chinese Taipei ($17.4B).

Difference in imports from Australia (Flag) and Germany (Flag) (2023)

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 2023, Germany had a large net trade with Australia in the exports of Transportation ($3.95B), Machines ($3.89B), and Chemical Products ($2.13B).

During 2018, Australia had a large net trade with Germany in the exports of Mineral Products ($2.73B), Vegetable Products ($856M), and Instruments ($369M).

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) (2023)

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