United States (USA) and Australia (AUS) Trade

2022

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Exports $29.7BRnk 16 / 219

2022

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About

United States-Australia Trade: In 2022, United States exported $29.7B to Australia. The main products that United States exported to Australia were Cars ($1.32B), Delivery Trucks ($1.21B), and Planes, Helicopters, and/or Spacecraft ($1.14B). Over the past 5 years the exports of United States to Australia have increased at an annualized rate of 5.15%, from $23.1B in 2017 to $29.7B in 2022.

In 2017, United States exported services to Australia worth $26.1B, with Financial services ($7.42B), Travel ($7.37B), and Other business services ($2.62B) being the largest in terms of value.

Australia-United States Trade: In 2022, Australia exported $13.7B to United States. The main products that Australia exported to United States were Sheep and Goat Meat ($1.12B), Vaccines, blood, antisera, toxins and cultures ($830M), and Frozen Bovine Meat ($665M). Over the past 5 years the exports of Australia to United States have increased at an annualized rate of 8.05%, from $9.27B in 2017 to $13.7B in 2022.

In 2009, Australia exported services to United States worth $3.88B, with Other business services ($1.34B), Travel ($1.19B), and Transportation ($564M) being the largest in terms of value.

Comparison: In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Company data: In 2023, leading companies such as JBS Foods (1.65k), Pernod Ricard (574), and Volvo (230) were at the forefront of exporting goods from Australia to the United States. Conversely, Jbs Australia Pty Limited (1.48k), Other (355), and Pernod Ricard Winemakers Pty Ltd (352) were notable for importing products to Australia from the United States.

Latest Trends

June, 2024

About

Overview In June 2024, United States exported $3.12B and imported $1.16B from Australia, resulting in a positive trade balance of $1.96B. Between June 2023 and June 2024 the exports of United States have increased by $234M (8.1%) from $2.89B to $3.12B, while imports decreased by $-287M (-19.9%) from $1.44B to $1.16B.

Trade In June 2024, the top exports of United States to Australia were Commodities not elsewhere specified ($127M), Cars ($125M), Harvesting Machinery ($115M), Packaged Medicaments ($108M), and Tractors ($107M). In June 2024 the top imports of United States from Australia were Coin ($227M), Vaccines, blood, antisera, toxins and cultures ($164M), Sheep and Goat Meat ($72.8M), Frozen Bovine Meat ($61.8M), and Bovine Meat ($56M).

Origins In June 2024 the exports of United States were mainly from Illinois ($452M), California ($386M), South Carolina ($205M), Washington ($192M), and Texas ($174M), while imports destinations were mainly California ($195M), Indiana ($107M), New Jersey ($90.5M), Pennsylvania ($88.7M), and Colorado ($78M).

Growth In June 2024, the increase in United States's year-by-year exports to Australia was explained primarily by an increase in product exports in Harvesting Machinery ($83.6M or 269%), Packaged Medicaments ($80.9M or 293%), and Tractors ($64.7M or 152%). In June 2024, the decrease in United States's year-by-year imports from Australia was explained primarily by an decrease in product imports in Raw Nickel ($-37.3M or -78.1%), Gold ($-36.5M or -98.1%), and Sheep and Goat Meat ($-35.3M or -32.6%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (June 2023 - June 2024)$234M(8.1%)

IMPORT GROWTH (June 2023 - June 2024)$-287M(-19.9%)

MAIN EXPORTER (June 2024)Illinois$452M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Australia and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $29.7B to Australia. The main products exported from United States to Australia were Cars ($1.32B), Delivery Trucks ($1.21B), and Planes, Helicopters, and/or Spacecraft ($1.14B). During the last 5 years the exports of United States to Australia have increased at an annualized rate of 5.15%, from $23.1B in 2017 to $29.7B in 2022.

In 2017, Australia exported $13.7B to United States. The main products exported from Australia to United States were Sheep and Goat Meat ($1.12B), Vaccines, blood, antisera, toxins and cultures ($830M), and Frozen Bovine Meat ($665M). During the last 5 years the exports of Australia to United States have increased at an annualized rate of 8.05%, from $9.27B in 2022 to $13.7B in 2017.

Exports from United States () to Australia () (2022)

Exports from Australia () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Australia
Top DestinationChina$123B

This map shows whether countries import more from United States or Australia. Each country is colored based on the difference in imports they receive from United States and Australia or the difference in the growth in imports.

In 2022, countries that imported more from United States than Australia included Canada ($308B), Mexico ($294B), and United Kingdom ($75.4B).

In 2022, countries that imported more from Australia than United States included New Zealand ($7.3B), Papua New Guinea ($1.27B), and Japan ($80.1B).

Difference in imports from Australia () and United States () (2022)

Comparative Advantage United States - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between United States and Australia by product, considering products traded by both, United States and Australia.

During 2022, United States had a large net trade with Australia in the exports of Machines ($8.48B), Transportation ($5.78B), and Chemical Products ($4.48B).

During 2017, Australia had a large net trade with United States in the exports of Animal Products ($2.64B), Metals ($2.47B), and Chemical Products ($1.69B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Australia+$359MCars

Top Product Potential Australia United States+$311MGold

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of United States and Australia. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over United States.

Product Space of United States () and Australia () (2022)

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