2022
Flag  
GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
 GDP
$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH
56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC 
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC
$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH
47.5%CURRENT US$
Rnk 39 / 186

About

Australia-United States Trade: 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). Over the past 5 years the exports of Australia to United States have increased at an annualized rate of 8.05%, from $9.27B in 2017 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.

United States-Australia Trade: In 2022, United States exported $29.7B to Australia. The main products that United States exported to Australia were Cars ($1.32B), Delivery Trucks ($1.21B), and Planes, Helicopters, and/or Spacecraft ($1.14B). Over the past 5 years the exports of United States to Australia have increased at an annualized rate of 5.15%,  from $23.1B in 2017 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.

Comparison: In 2022,  Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of Australia to United States have increased at an annualized rate of 8.05%, from $9.27B in 2017 to $13.7B in 2022.

In 2017, 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 5 years the exports of United States to Australia have increased at an annualized rate of 5.15%, from $23.1B in 2022 to $29.7B in 2017.

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

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

Latest Data

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

Australia Exports

United States Exports

Market Competitiveness

Color
Australia
Top Destination
China$123B
United States
Top Destination
Canada$308B

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

In 2022, countries that imported more from Australia than United States included New Zealand ($7.3B), Papua New Guinea ($1.27B), and Japan ($80.1B).

In 2022, countries that imported more from United States than Australia included Canada ($308B), Mexico ($294B), and United Kingdom ($75.4B).

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

Comparative Advantage Australia - United States

Flow
Scale

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

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).

During 2017, United States had a large net trade with Australia in the exports of Machines ($8.48B), Transportation ($5.78B), and Chemical Products ($4.48B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Australia United States+$311MGold
Top Product Potential United States Australia+$359MCars

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

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

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