Australia

In 2013, the value of merchandise exports of Australia decreased slightly by 1.6 percent to reach 252.2 bln US$, while its merchandise imports decreased moderately by 7.2 percent to reach 232.5 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively small surplus of 19.7 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Eastern Asia at 55.3 bln US$ (see graph 4). Merchandise exports in Australia were moderately concentrated amongst partners; imports were diversified. The top 9 partners accounted for 80 percent or more of exports and 17 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Australia increased slightly by 2.8 percent, reaching 53.2 bln US$, while its imports of services increased slightly by 4.4 percent and reached 64.2 bln US$ (see graph 2). There was a relatively small trade in services deficit of 11.0 bln US$.

Related Subject(s): International Trade and Finance

Countries: Australia