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2023
Flag → Flag
Exports $4.52BRnk 16 / 211
2023
Flag → Flag
Top Product $2.15BGold
2023
Flag → Flag
Exports $5.6BRnk 21 / 223
2023
Flag → Flag
Top Product $877MCars
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $64,821CURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Australia-United Kingdom Trade: In 2023, Australia exported $4.52B to United Kingdom. The main products that Australia exported to United Kingdom were Gold ($2.15B), Raw Lead ($357M), and Orthopedic Appliances ($340M). Over the past 5 years the exports of Australia to United Kingdom have increased at an annualized rate of 4.38%, from $3.65B in 2018 to $4.52B in 2023.

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.

United Kingdom-Australia Trade: In 2023, United Kingdom exported $5.6B to Australia. The main products that United Kingdom exported to Australia were Cars ($877M), Packaged Medicaments ($318M), and Hard Liquor ($220M). Over the past 5 years the exports of United Kingdom to Australia have decreased at an annualized rate of 0.21%,  from $5.66B in 2018 to $5.6B in 2023.

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.

Comparison: In 2023,  Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B). That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Australia exported $4.52B to United Kingdom. The main products exported from Australia to United Kingdom were Gold ($2.15B), Raw Lead ($357M), and Orthopedic Appliances ($340M). During the last 5 years the exports of Australia to United Kingdom have increased at an annualized rate of 4.38%, from $3.65B in 2018 to $4.52B in 2023.

In 2018, United Kingdom exported $5.6B to Australia. The main products exported from United Kingdom to Australia were Cars ($877M), Packaged Medicaments ($318M), and Hard Liquor ($220M). During the last 5 years the exports of United Kingdom to Australia have decreased at an annualized rate of 0.21%, from $5.66B in 2023 to $5.6B in 2018.

Exports from Australia (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Australia (Flag) (2023)

Latest Data

Trade between Australia (Flag) and United Kingdom (Flag)

Australia Exports

United Kingdom Exports

Market Competitiveness

Color
Australia
Top DestinationChina$137B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Australia than United Kingdom included China ($137B), Japan ($59B), and Chinese Taipei ($17.4B).

In 2023, countries that imported more from United Kingdom than Australia included United States ($59.7B), Germany ($34.6B), and Ireland ($29.1B).

Difference in imports from United Kingdom (Flag) and Australia (Flag) (2023)

Comparative Advantage Australia - United Kingdom

Flow
Scale

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

During 2023, Australia had a large net trade with United Kingdom in the exports of Precious Metals ($2.23B), Metals ($481M), and Instruments ($420M).

During 2018, United Kingdom had a large net trade with Australia in the exports of Machines ($1.5B), Transportation ($1.43B), and Chemical Products ($745M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Australia United Kingdom+$89.1MCoal Briquettes
Top Product Potential United Kingdom Australia+$165MCars

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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Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

Services Exports from Australia (Flag) to United Kingdom (Flag) (2009)

Services Exports from United Kingdom (Flag) to Australia (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Australia (Flag) and United Kingdom (Flag) (2023)

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