United States (USA) and Australia (AUS) Trade

2022

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Exports $29.7BRnk 16 / 219

2022

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About

United States-Australia In 2022, United States exported $29.7B to Australia. The main products that United States exported to Australia are Cars ($1.32B), Delivery Trucks ($1.21B), and Planes, Helicopters, and/or Spacecraft ($1.14B). During the last 27 years the exports of United States to Australia have increased at an annualized rate of 3.51%, from $11.7B in 1995 to $29.7B in 2022.

In 2017, United States exported services to Australia worth $26.1B, with Financial services ($7.42B), Travel ($7.37B), and Other business services ($2.62B) being the largest in terms of value.

Australia-United States In 2022, Australia exported $13.7B to United States. The main products that Australia exported to United States were Sheep and Goat Meat ($1.12B), Vaccines, blood, antisera, toxins and cultures ($830M), and Frozen Bovine Meat ($665M). During the last 27 years the exports of Australia to United States have increased at an annualized rate of 5.07%, from $3.6B in 1995 to $13.7B in 2022.

In 2009, Australia exported services to United States worth $3.88B, with Other business services ($1.34B), Travel ($1.19B), and Transportation ($564M) being the largest in terms of value.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Australia ranked 77 in the Economic Complexity Index (ECI -0.35), and 16 in total exports ($424B).

COMPANIES In 2023, leading companies such as JBS USA FOOD COMPANY (19.8k), ROBERT BOSCH TOOL CORPORATION (11.4k), and ROBERT BOSCH LLC (1.73k) were at the forefront of exporting goods from Australia to the United States. Conversely, JBS AUSTRALIA PTY LIMITED (17.8k), ROBERT BOSCH (AUSTRALIA) PTY LTD (8.49k), and ROBERT BOSCH AUSTRALIA- DIODES (2.32k) were notable for importing Australia products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $2.46B and imported $1.23B from Australia, resulting in a positive trade balance of $1.23B. Between January 2023 and January 2024 the exports of United States have decreased by $-60.1M (-2.38%) from $2.52B to $2.46B, while imports decreased by $-71M (-5.44%) from $1.31B to $1.23B.

Trade In January 2024, the top exports of United States to Australia were Commodities not elsewhere specified ($127M), Cars ($125M), Harvesting Machinery ($115M), Packaged Medicaments ($108M), and Tractors ($107M). In January 2024 the top imports of United States from Australia were Coin ($227M), Vaccines, blood, antisera, toxins and cultures ($164M), Sheep and Goat Meat ($72.8M), Frozen Bovine Meat ($61.8M), and Bovine Meat ($56M).

Origins In January 2024 the exports of United States were mainly from California ($375M), Illinois ($366M), Texas ($290M), Michigan ($148M), and Indiana ($88.9M), while imports destinations were mainly California ($186M), Indiana ($140M), New Jersey ($107M), Dist of Columbia ($107M), and New York ($99.8M).

Growth In January 2024, the decrease in United States's year-by-year exports to Australia was explained primarily by an decrease in product exports in Aircraft parts including unmanned craft ($-26.7M or -57.4%), Petroleum Coke ($-16M or -51.8%), and Sodium or Potassium Peroxides ($-11.7M or -99.6%). In January 2024, the decrease in United States's year-by-year imports from Australia was explained primarily by an decrease in product imports in Raw Nickel ($-37.3M or -78.1%), Gold ($-36.5M or -98.1%), and Sheep and Goat Meat ($-35.3M or -32.6%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-60.1M(-2.38%)

IMPORT GROWTH (January 2023 - January 2024)$-71M(-5.44%)

MAIN EXPORTER (January 2024)California$375M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Australia and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $29.7B to Australia. The main products exported from United States to Australia were Cars ($1.32B), Delivery Trucks ($1.21B), and Planes, Helicopters, and/or Spacecraft ($1.14B). During the last 27 years the exports of United States to Australia have increased at an annualized rate of 3.51%, from $11.7B in 1995 to $29.7B in 2022.

In 2022, Australia exported $13.7B to United States. The main products exported from Australia to United States were Sheep and Goat Meat ($1.12B), Vaccines, blood, antisera, toxins and cultures ($830M), and Frozen Bovine Meat ($665M). During the last 27 years the exports of Australia to United States have increased at an annualized rate of 5.07%, from $3.6B in 1995 to $13.7B in 2022.

Exports from United States () to Australia () (2022)

Exports from Australia () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Australia
Top DestinationChina$123B

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

In 2021, countries that imported more from United States than Australia were Canada ($308B), Mexico ($294B), and United Kingdom ($75.4B).

In 2021, countries that imported more from Australia than United States were New Zealand ($7.3B), Papua New Guinea ($1.27B), and Japan ($80.1B).

Difference in imports from Australia () and United States () (2022)

Comparative Advantage United States - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Australia in the exports of Machines ($8.48B), Transportation ($5.78B), and Chemical Products ($4.48B).

During 2022, Australia had a large net trade with United States in the exports of Animal Products ($2.64B), Metals ($2.47B), and Chemical Products ($1.69B).

Service Trade

Bilateral Service Trade

Aus Year

Usa Year

In 2017, United States exported services to Australia worth $26.1B, with Financial services ($7.42B), Travel ($7.37B), and Other business services ($2.62B) being the largest in terms of value.

In 2009, Australia exported services to United States worth $3.88B, with Other business services ($1.34B), Travel ($1.19B), and Transportation ($564M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Australia () (2017)

Services Exports from Australia () to United States () (2009)

Economic Complexity

Competitive Landscape

Year

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 States has comparative advantage over Australia. Similarly, the more yellow a dot/product is, the more Australia has comparative advantage over United States.

Product Space of United States () and Australia () (2022)

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