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2022
Flag → Flag
Exports $5.41BRnk 22 / 224
2022
Flag → Flag
Top Product $477MCars
2022
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Exports $2.32BRnk 21 / 213
2022
Flag → Flag
Top Product $367MRaw Lead
2022
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Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
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Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
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GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
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 GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
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GDP GROWTH8.3%CURRENT US$
Rnk 148 / 186
2022
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GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
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GDP PC$64,491CURRENT US$
Rnk 11 / 186
2012-2022
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GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

United Kingdom-Australia Trade: In 2022, United Kingdom exported $5.41B to Australia. The main products that United Kingdom exported to Australia were Cars ($477M), Packaged Medicaments ($365M), and Hard Liquor ($268M). Over the past 5 years the exports of United Kingdom to Australia have decreased at an annualized rate of 0.16%, from $5.46B in 2017 to $5.41B in 2022.

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.

Australia-United Kingdom Trade: In 2022, Australia exported $2.32B to United Kingdom. The main products that Australia exported to United Kingdom were Raw Lead ($367M), Wine ($324M), and Coal Briquettes ($250M). Over the past 5 years the exports of Australia to United Kingdom have decreased at an annualized rate of 14%,  from $4.93B in 2017 to $2.32B in 2022.

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.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £337M and imported £391M from Australia, resulting in a negative trade balance of £54.6M. Between August 2023 and August 2024 the exports of United Kingdom have decreased by £-102M (-23.2%) from £438M to £337M, while imports decreased by £-246M (-38.6%) from £637M to £391M.

Trade In August 2024, the top exports of United Kingdom to Australia were Cars (£61.9M), Packaged Medicaments (£19.9M), Stone Processing Machines (£18.9M), Gas Turbines (£15.1M), and Delivery Trucks (£14.6M). In August 2024 the top imports of United Kingdom from Australia were Coal Briquettes (£20.4M), Orthopedic Appliances (£19.7M), Wine (£16.5M), Commodities not elsewhere specified (£14.1M), and Titanium Ore (£10.5M).

Origins In August 2024 the exports of United Kingdom were mainly from Southampton (£92.8M), London Heathrow Airport (£88.6M), London Gateway (£63.4M), Felixstowe (£23.5M), and East Midlands Airport (£21.4M), while imports destinations were mainly London Heathrow Airport (£223M), London (£38.6M), Felixstowe (£27.5M), Southampton (£25.7M), and London Stansted Airport (£21.9M).

Growth In August 2024, the decrease in United Kingdom's year-by-year exports to Australia was explained primarily by an decrease in product exports in Hormones (£-5.94M or -100%), Tractors (£-5.39M or -82.9%), and Other Heating Machinery (£-2.82M or -81.7%). In August 2024, the decrease in United Kingdom's year-by-year imports  from Australia was explained primarily by an decrease in product imports  in Raw Lead (£-30.5M or -100%), Gas Turbines (£-4.65M or -77.6%), and Sheep and Goat Meat (£-4.01M or -49.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£-102M(-23.2%)
IMPORT GROWTH (August 2023 - August 2024)£-246M(-38.6%)
MAIN EXPORTER (August 2024)Southampton£92.8M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Australia and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Australia and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $5.41B to Australia. The main products exported from United Kingdom to Australia were Cars ($477M), Packaged Medicaments ($365M), and Hard Liquor ($268M). During the last 5 years the exports of United Kingdom to Australia have decreased at an annualized rate of 0.16%, from $5.46B in 2017 to $5.41B in 2022.

In 2017, Australia exported $2.32B to United Kingdom. The main products exported from Australia to United Kingdom were Raw Lead ($367M), Wine ($324M), and Coal Briquettes ($250M). During the last 5 years the exports of Australia to United Kingdom have decreased at an annualized rate of 14%, from $4.93B in 2022 to $2.32B in 2017.

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

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

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from United Kingdom than Australia included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Australia than United Kingdom included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage United Kingdom - Australia

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Australia in the exports of Machines ($1.35B), Transportation ($874M), and Chemical Products ($863M).

During 2017, Australia had a large net trade with United Kingdom in the exports of Metals ($507M), Foodstuffs ($352M), and Mineral Products ($348M).

Potential Exports

Potential Exports

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

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 Kingdom and Australia. This means that a dot/product with the flag of United Kingdom 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 Kingdom.

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

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