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Australia Trade Summary

2023

Australia exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR AUSTRALIA 2023

Overall Exports and Imports for Australia 2023

Exports and imports of Australia in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 369,235 million.
  • The total value of imports (CIF) was 287,861 million.
  • At the HS6 digit level, 4,159 products were exported to 211 countries and 4,304 products were imported from 217 countries.

Australia top 5 Export and Import partners 2023

Top five countries to which Australia exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Australia exports to China worth US$ 120,219 million, with a partner share of 32.56 percent.
  2. Australia exports to Unspecified worth US$ 63,868 million, with a partner share of 17.30 percent.
  3. Australia exports to Japan worth US$ 36,190 million, with a partner share of 9.80 percent.
  4. Australia exports to Korea, Rep. worth US$ 20,905 million, with a partner share of 5.66 percent.
  5. Australia exports to India worth US$ 16,177 million, with a partner share of 4.38 percent.

Top five countries from which Australia imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Australia imports from China worth US$ 71,821 million, with a partner share of 24.95 percent.
  2. Australia imports from United States worth US$ 32,482 million, with a partner share of 11.28 percent.
  3. Australia imports from Japan worth US$ 18,109 million, with a partner share of 6.29 percent.
  4. Australia imports from Korea, Rep. worth US$ 18,097 million, with a partner share of 6.29 percent.
  5. Australia imports from Thailand worth US$ 13,083 million, with a partner share of 4.54 percent.

Australia Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Australia along with trade value are:

  1. Australia exported Non-agglomerated iron ores and concentrates , worth 89,850,211.85 (US$ Thousands).
  2. Australia exported Bituminous coal, not agglomerated , worth 67,642,285.32 (US$ Thousands).
  3. Australia exported Natural gas, liquefied , worth 49,515,175.70 (US$ Thousands).
  4. Australia exported Gold in oth semi-manufactured forms,non-monetar , worth 15,595,346.22 (US$ Thousands).
  5. Australia exported Other mineral substances, nes , worth 12,671,136.05 (US$ Thousands).

The top five imported HS 6 digit level products from world by Australia along with trade value are

  1. Australia imported Petroleum oils, etc, (excl. crude); preparation , worth 35,437,621.38 (US$ Thousands).
  2. Australia imported Automobiles with reciprocating piston engine di , worth 8,829,563.85 (US$ Thousands).
  3. Australia imported Transmission apparatus, for radioteleph incorpo , worth 8,627,830.64 (US$ Thousands).
  4. Australia imported Diesel powered trucks with a GVW not exceeding , worth 7,498,677.55 (US$ Thousands).
  5. Australia imported Automobiles nes including gas turbine powered , worth 7,053,341.12 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Australia in 2023 are below

  • The maximum rate of tariff in percentage on any product was 28.05 percent.
  • The simple average tariff across all products was 2.05 percent.
  • The trade weighted average tariff was 1.31 .
  • The total duty free imports in thousands of US dollars were 137,520,097.40 and duty free tariff line items share was 56.92 percent.

Development Indicators 2023

Key Development Indicators of Australia in 2023 are below

  • Australia GDP in current US dollar was 1,728,057 million.
  • GNI per capita, Atlas method (current US$) was 63,160.00 .
  • Australia Trade balance: as % of GDP was 4.37.
  • Trade balance in current US$ was 75,573.00 million.
  • Trade as percentage of GDP was 49.23 .
  • Trade in services as percentage of GDP was 10.29 .

Trade Indicators 2023

Trade Indicators for Australia in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.18.
  • Index of export market penetration was 14.83.
  • World Growth in percentage was -3.13 and Australia Country Growth was -4.22 .