Flag United Kingdom / Australia Flag

2020
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Exports
: $4.96B, Rnk 20 / 221

2020
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Top Product
: $507M, Packaged Medicaments

2020
FlagFlag
Exports
: $10B, Rnk 6 / 211

2020
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Top Product
: $8.25B, Gold

2020
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Economic Complexity (ECI)
: ECI 1.42, Rnk 13 / 127

2020
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Economic Complexity (ECI)
: ECI -0.31, Rnk 74 / 127

2020
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GDP
: $2.76T, CURRENT US$
Rnk 5 / 204

2010-2020
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GDP GROWTH
: 10.7%, CURRENT US$
Rnk 139 / 204

2020
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 GDP
: $1.33T, CURRENT US$
Rnk 13 / 204

2010-2020
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GDP GROWTH
: 15.7%, CURRENT US$
Rnk 130 / 204

2020
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GDP PC 
: $41,098, CURRENT US$
Rnk 27 / 204

2010-2020
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GDP PC GROWTH
: 3.55%, CURRENT US$
Rnk 127 / 204

2020
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GDP PC
: $51,680, CURRENT US$
Rnk 16 / 204

2010-2020
Flag
GDP PC GROWTH
: -0.78%, CURRENT US$
Rnk 144 / 204

United Kingdom-Australia In 2020, United Kingdom exported $4.96B to Australia. The main products that United Kingdom exported to Australia are Packaged Medicaments ($507M), Cars ($426M), and Hard Liquor ($212M). During the last 25 years the exports of United Kingdom to Australia have increased at an annualized rate of 1.6%, from $3.33B in 1995 to $4.96B in 2020.

In 2019, United Kingdom exported services to Australia worth $6.95B, with Travel ($2.11B), Other business services ($1.73B), and Transportation ($1.72B) being the largest in terms of value.

Australia-United Kingdom In 2020, Australia exported $10B to United Kingdom. The main products that Australia exported to United Kingdom were Gold ($8.25B), Wine ($350M), and Raw Lead ($336M). During the last 25 years the exports of Australia to United Kingdom have increased at an annualized rate of 7.35%, from $1.71B in 1995 to $10B in 2020.

In 2009, Australia exported services to United Kingdom worth $3.14B, with Travel ($1.95B), Other business services ($481M), and Transportation ($441M) being the largest in terms of value.

Comparison In 2020,  United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.42), and 11 in total exports ($371B). That same year, Australia ranked 74 in the Economic Complexity Index (ECI -0.31), and 22 in total exports ($250B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, United Kingdom exported $4.96B to Australia. The main products exported from United Kingdom to Australia were Packaged Medicaments ($507M), Cars ($426M), and Hard Liquor ($212M). During the last 25 years the exports of United Kingdom to Australia have increased at an annualized rate of 1.6%, from $3.33B in 1995 to $4.96B in 2020.

In 2020, Australia exported $10B to United Kingdom. The main products exported from Australia to United Kingdom were Gold ($8.25B), Wine ($350M), and Raw Lead ($336M). During the last 25 years the exports of Australia to United Kingdom have increased at an annualized rate of 7.35%, from $1.71B in 1995 to $10B in 2020.

Market Competitiveness

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Measure

United Kingdom
Top Destination
: United States, $51.7B

Australia
Top Destination
: China, $102B

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

In 2019, countries that imported more from United Kingdom than Australia were United States ($51.7B), Germany ($39.9B), and Ireland ($26.8B).

In 2019, countries that imported more from Australia than United Kingdom were China ($102B), Japan ($31.8B), and South Korea ($17.2B).

Comparative Advantage United Kingdom - Australia

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Flow
Scale

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

During 2020, United Kingdom had a large net trade with Australia in the exports of Machines ($1.09B), Chemical Products ($1.03B), and Transportation ($717M).

During 2020, Australia had a large net trade with United Kingdom in the exports of Precious Metals ($8.28B), Metals ($394M), and Foodstuffs ($378M).

Bilateral Service Trade

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In 2019, United Kingdom exported services to Australia worth $6.95B, with Travel ($2.11B), Other business services ($1.73B), and Transportation ($1.72B) being the largest in terms of value.

In 2009, Australia exported services to United Kingdom worth $3.14B, with Travel ($1.95B), Other business services ($481M), and Transportation ($441M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Australia. Similarly, the more yellow a dot/product is, the more Australia has comparative advantage over United Kingdom.