Overview: In 2018 Australia was the number 13 economy in the world in terms of GDP (current US$), the number 24 in total exports, the number 24 in total imports, and the number 73 most complex economy according to the Economic Complexity Index (ECI). In 2018, Australia exported $248B and imported $219B, resulting in a positive trade balance of $28.7B. In 2018, Australia's exports per capita were $9.91k and its imports per capita were $8.76k.
Trade: The top exports of Australia are Coal Briquettes ($57.2B), Iron Ore ($48.1B), Petroleum Gas ($17.6B), Gold ($16.1B), and Aluminium Oxide ($6.66B). The top imports of Australia are Refined Petroleum ($18.5B), Cars ($18.1B), Crude Petroleum ($9.25B), Delivery Trucks ($7.29B), and Broadcasting Equipment ($6.51B).
Destinations: Australia exports mostly to China ($87.9B), Japan ($27.6B), South Korea ($19.2B), India ($18.9B), and United States ($9.71B), and imports mostly from China ($52.7B), United States ($22.2B), Japan ($16.6B), Germany ($11.9B), and Thailand ($11.1B).
Location: Australia borders Timor-Leste, Indonesia, New Zealand, Papua New Guinea, Solomon Islands, and New Caledonia by sea.