2022
Flag  
GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC 
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186

About

Australia-Falkland Islands Trade: In 2022, Australia exported $162k to Falkland Islands. The main products that Australia exported to Falkland Islands were Animal Food ($34.6k), Medical Instruments ($32.9k), and Plastic Building Materials ($26k). Over the past 5 years the exports of Australia to Falkland Islands have decreased at an annualized rate of 2.91%, from $188k in 2017 to $162k in 2022.

In 2022, Australia did not export any services to Falkland Islands.

Falkland Islands-Australia Trade: In 2022, Falkland Islands exported $7.93k to Australia. The main products that Falkland Islands exported to Australia were Non-Knit Men's Suits ($1.71k), Thermostats ($1.63k), and Centrifuges ($1.43k). Over the past 5 years the exports of Falkland Islands to Australia have decreased at an annualized rate of 15.2%,  from $25.2k in 2017 to $7.93k in 2022.

In 2022, Falkland Islands did not export any services to Australia.

Comparison In 2022,  Australia ranked 78 in the Economic Complexity Index (ECI -0.24),  and 16 in total exports ($424B). That same year, Falkland Islands ranked 178 in total exports ($382M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Australia exported $162k to Falkland Islands. The main products exported from Australia to Falkland Islands were Animal Food ($34.6k), Medical Instruments ($32.9k), and Plastic Building Materials ($26k). During the last 5 years the exports of Australia to Falkland Islands have decreased at an annualized rate of 2.91%, from $188k in 2017 to $162k in 2022.

In 2017, Falkland Islands exported $7.93k to Australia. The main products exported from Falkland Islands to Australia were Non-Knit Men's Suits ($1.71k), Thermostats ($1.63k), and Centrifuges ($1.43k). During the last 5 years the exports of Falkland Islands to Australia have decreased at an annualized rate of 15.2%, from $25.2k in 2022 to $7.93k in 2017.

Exports from Australia (Flag) to Falkland Islands (Flag) (2022)

Exports from Falkland Islands (Flag) to Australia (Flag) (2022)

Latest Data

Trade between Australia (Flag) and Falkland Islands (Flag)

Australia Exports

Market Competitiveness

Color
Australia
Top Destination
N/AN/A
Falkland Islands
Top Destination
N/AN/A

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

N/A

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Difference in imports from Falkland Islands (Flag) and Australia (Flag) (2022)

Comparative Advantage Australia - Falkland Islands

Flow
Scale

This chart compares trade between Australia and Falkland Islands by product, considering products traded by both, Australia and Falkland Islands.

During 2022, Australia had a large net trade with Falkland Islands in the exports of Foodstuffs ($34.6k), Plastics and Rubbers ($33k), and Instruments ($32.9k).

During 2017, Falkland Islands had a large net trade with Australia in the exports of Instruments ($2.8k), Textiles ($1.71k), and Machines ($1.43k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Australia and Falkland Islands. This means that a dot/product with the flag of Australia indicates it has a comparative advantage over Falkland Islands. Similarly, a dot/product with the flag of Falkland Islands indicates it has a comparative advantage over Australia.

Product Space of Australia (Flag) and Falkland Islands (Flag) (2022)

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