OVERVIEW
In 2019 Australia was the number 13 economy in the world in terms of GDP (current US$), the number 19 in total exports, the number 23 in total imports, the number 12 economy in terms of GDP per capita (current US$) and the number 79 most complex economy according to the Economic Complexity Index (ECI).
EXPORTS
The top exports of Australia are Iron Ore ($67.5B), Coal Briquettes ($51.5B), Petroleum Gas ($34.1B), Gold ($25.4B), and Aluminium Oxide ($5.6B), exporting mostly to China ($111B), Japan ($41.5B), South Korea ($18.9B), India ($15.3B), and United Kingdom ($10.6B).
In 2019, Australia was the world’s biggest exporter of Iron Ore ($67.5B), Coal Briquettes ($51.5B), Aluminium Oxide ($5.6B), Sheep and Goat Meat ($3.07B), and Wool ($2.26B)
IMPORTS
The top imports of Australia are Refined Petroleum ($16.8B), Cars ($15.8B), Crude Petroleum ($7.9B), Broadcasting Equipment ($6.37B), and Delivery Trucks ($5.84B), importing mostly from China ($52.7B), United States ($24.9B), Japan ($14.9B), Germany ($10.4B), and Thailand ($10B).
In 2019, Australia was the world’s biggest importer of Sodium or Potassium Peroxides ($589M)
LOCATION
Australia borders Timor-Leste, Indonesia, New Zealand, Papua New Guinea, Solomon Islands, and New Caledonia by sea.