Profile of Australia's Trade in 2013
Australia's trade in goods and services reached a new high in 2013 playing an essential role in Australia's economic success. Two-way trade grew by 3.7 per cent to $647.4 billion in 2013, up from $624.5 billion in 2012. Nearly half of Australia's exports came from minerals and fuels, especially iron ore and coal.
China, Japan, the United States and the Republic of Korea were Australia's top four trading partners again in 2013. Over 70 per cent of Australia's trade was with member economies of the Asia-Pacific Economic Cooperation (APEC) group.
Australia has seven free trade agreements (FTAs) currently in force and signed an additional two agreements in 2014 – with the Republic of Korea and Japan.
Australia is the 2014 chair of the G20, a group which represents more than 75 per cent of global trade.
Australia's trade with our aid partners
In 2013, Australia's two-way merchandise trade with countries with which Australia has an ongoing bilateral development partnership* was valued at $31.2 billion. In the last 10 years (since 2003) two-way trade has increased by 65.3 per cent. Australia's exports to our development partners have grown by 83.8 per cent while imports have grown by 50.5 per cent in the same period.
*Cook Islands, Fiji, Kiribati, Nauru, Niue, Papua New Guinea, Samoa, Solomon Islands, Tokelau, Tonga, Tuvalu, Vanuatu, Cambodia, Indonesia, Laos, Mongolia, Burma, Philippines, Timor-Leste, Vietnam, Afghanistan, Bangladesh, Bhutan, Maldives, Nepal, Pakistan, Sri Lanka, Somalia, Kenya, Tanzania, Mozambique, South Africa, Madagascar, Seychelles, Comoros, and Mauritius.
Market access for Least Developed Countries#
To assist Least Developed Countries (LDCs), since 2003, Australia has provided LDCs full duty-free and quota-free access to our markets. This has contributed to notable increases in LDC exports to Australia (averaging 13.1 per cent per year between 2003 and 2013).
#Afghanistan, Angola, Bangladesh, Benin, Bhutan, Burkina Faso, Burundi, Cambodia, Central African Republic, Chad, Comoros, Democratic Republic of the Congo, Djibouti, Equatorial Guinea, Eritrea, Ethiopia, Former Sudan, Gambia, Guinea, Guinea-Bissau, Haiti, Kiribati, Laos, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mozambique, Burma, Nepal, Niger, Rwanda, Samoa, Sao Tome & Principe, Senegal, Sierra Leone, Solomon Islands, Somalia, South Sudan, Sudan, Tanzania, Timor-Leste, Togo, Tuvalu, Uganda, Vanuatu, Yemen, Zambia.
By Sector – Australia's Exports
In 2013 Australia's total goods and services exports increased by 6.1 per cent to $318.6 billion, after falling 4.0 per cent in 2012. Export volumes grew 6.6 per cent while export prices fell 0.6 per cent.
Australia's services exports grew by 7.8 per cent to $55.2 billion making up 17.3 per cent of goods and services exports. Manufacturing exports increased by 1.4 per cent to $41.0 billion and rural exports rose 8.9 per cent to $37.9 billion.
Exports of goods and services 2013 (a)
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By Sector – Australia's Imports
Imports are important to the success of the Australian economy, providing crucial inputs to domestic industries. Imports help maintain a robust, competitive economy and choice for consumers.
Australia's total goods and services imports rose 1.5 per cent to $328.8 billion in 2013. Travel services and petroleum made up 20.6 per cent of goods and services imports in 2013. Import volumes fell 2.1 per cent while import prices rose 3.6 per cent.
Imports of goods and services 2013 (a)
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