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2023
Flag → Flag
Exports $1.07BRnk 48 / 216
2023
Flag → Flag
Top Product $309MNitrogenous Fertilizers
2023
Flag → Flag
Exports $3.36BRnk 18 / 211
2023
Flag → Flag
Top Product $884MAluminium Oxide
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag  
GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
Flag
 GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC $49,041CURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 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

United Arab Emirates-Australia Trade: In 2023, United Arab Emirates exported $1.07B to Australia. The main products that United Arab Emirates exported to Australia were Nitrogenous Fertilizers ($309M), Refined Petroleum ($134M), and Copper Wire ($77.5M). Over the past 5 years the exports of United Arab Emirates to Australia have decreased at an annualized rate of 15.1%, from $2.43B in 2018 to $1.07B in 2023.

In 2023, United Arab Emirates did not export any services to Australia.

Australia-United Arab Emirates Trade: In 2023, Australia exported $3.36B to United Arab Emirates. The main products that Australia exported to United Arab Emirates were Aluminium Oxide ($884M), Rapeseed ($446M), and Gold ($433M). Over the past 5 years the exports of Australia to United Arab Emirates have increased at an annualized rate of 4.4%,  from $2.71B in 2018 to $3.36B in 2023.

In 2023, Australia did not export any services to United Arab Emirates.

Comparison: In 2023,  United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B). 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, United Arab Emirates exported $1.07B to Australia. The main products exported from United Arab Emirates to Australia were Nitrogenous Fertilizers ($309M), Refined Petroleum ($134M), and Copper Wire ($77.5M). During the last 5 years the exports of United Arab Emirates to Australia have decreased at an annualized rate of 15.1%, from $2.43B in 2018 to $1.07B in 2023.

In 2018, Australia exported $3.36B to United Arab Emirates. The main products exported from Australia to United Arab Emirates were Aluminium Oxide ($884M), Rapeseed ($446M), and Gold ($433M). During the last 5 years the exports of Australia to United Arab Emirates have increased at an annualized rate of 4.4%, from $2.71B in 2023 to $3.36B in 2018.

Exports from United Arab Emirates (Flag) to Australia (Flag) (2023)

Exports from Australia (Flag) to United Arab Emirates (Flag) (2023)

Latest Data

Trade between United Arab Emirates (Flag) and Australia (Flag)

United Arab Emirates Exports

Australia Exports

Market Competitiveness

Color
United Arab Emirates
Top DestinationChina$40.2B
Australia
Top DestinationChina$137B

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

In 2023, countries that imported more from United Arab Emirates than Australia included Iraq ($22.6B), India ($38.2B), and Saudi Arabia ($15.2B).

In 2023, countries that imported more from Australia than United Arab Emirates included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia (Flag) and United Arab Emirates (Flag) (2023)

Comparative Advantage United Arab Emirates - Australia

Flow
Scale

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

During 2023, United Arab Emirates had a large net trade with Australia in the exports of Chemical Products ($327M), Metals ($191M), and Mineral Products ($168M).

During 2018, Australia had a large net trade with United Arab Emirates in the exports of Chemical Products ($986M), Vegetable Products ($914M), and Precious Metals ($445M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Arab Emirates Australia+$125MCrude Petroleum
Top Product Potential Australia United Arab Emirates+$174MGold

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 United Arab Emirates and Australia. This means that a dot/product with the flag of United Arab Emirates indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over United Arab Emirates.

Product Space of United Arab Emirates (Flag) and Australia (Flag) (2023)

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