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Country intelligence · AUS · 2024

Australia trade profile

In 2024, Australia recorded $343.3B in merchandise exports and $279.6B in imports, producing a $63.8B trade surplus. Exports changed -9.3% from the previous year, while imports changed +0.7%.[1]

Exports

$343.3B

-9.3%

Imports

$279.6B

+0.7%

Trade balance

$63.8B

surplus

Active partners

270

33 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$343.3B$279.6B$63.8B-9.3%
2023$378.4B$277.8B$100.7B-8.4%
2022$413.1B$289.6B$123.6B+20.1%
2021$344.0B$246.4B$97.6B+38.4%
2020$248.5B$200.5B$48.0B-8.7%
2019$272.2B$210.3B$61.9B+5.8%
2018$257.1B$221.5B$35.6B+9.2%
2017$235.5B$216.6B$18.9B+25.0%
2016$188.5B$182.6B$5.9B-2.5%
2015$193.3B$194.3B-$1.1B-21.8%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 27 · Mineral fuels and oils

42 active HS6 lines · 118 export partners

$113.1B
2

HS 26 · HS chapter

37 active HS6 lines · 72 export partners

$97.3B
3

HS 71 · Precious metals and stones

51 active HS6 lines · 141 export partners

$31.0B
4

HS 02 · HS chapter

62 active HS6 lines · 135 export partners

$13.5B
5

HS 10 · Cereals

26 active HS6 lines · 102 export partners

$8.5B
6

HS 28 · HS chapter

172 active HS6 lines · 140 export partners

$6.7B
7

HS 84 · Machinery

515 active HS6 lines · 185 export partners

$6.4B
8

HS 76 · HS chapter

35 active HS6 lines · 148 export partners

$4.6B

Leading export markets

Destinations rank bilateral export flows from Australia; growth describes each corridor rather than the whole economy.

1

China

Annual change -10.7% · 3-year CAGR -4.0%

$127.4B
2

Japan

Annual change -17.8% · 3-year CAGR 0.5%

$48.7B
3

South Korea

Annual change -8.5% · 3-year CAGR -3.0%

$27.9B
4

United States

Annual change +11.5% · 3-year CAGR 12.4%

$15.8B
5

India

Annual change -5.1% · 3-year CAGR 2.6%

$15.7B
6

Taiwan

Annual change -16.8% · 3-year CAGR -0.3%

$13.4B
7

Indonesia

Annual change +11.3% · 3-year CAGR 3.1%

$9.1B
8

Vietnam

Annual change +6.7% · 3-year CAGR 5.1%

$8.4B

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.

Data sourcesMethodologyOpen country workspace