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Australia Net Trade (Goods & Services, BoP)

Australia's net trade (goods & services, bop) fell to $19.82 billion in 2024, down from $59.3 billion in 2023, according to World Bank. This represents a decrease of 66.6% ($39.47 billion) from the previous year. Australia has net trade (goods & services, bop) higher than the global median ($19.82 billion vs median -$215.12 million). Compared with the median in Oceania, Australia is higher ($19.82 billion vs regional median -$206.02 million) and ranks 1st out of 13 countries in Oceania.

Yearly Historical Data (1989-2024)

(in Billion USD)
Year Net Trade (Goods & Services, BoP) (Billion USD)
2024 19.82
2023 59.3
2022 86.01
2021 81.93
2020 43.04
2019 41.3
2018 11
2017 3.12
2016 -12.92
2015 -28.77
2014 -8.96
2013 -9.51
2012 -24.02
2011 13.12
2010 6.04
2009 -8.75
2008 -12.41
2007 -22.88
2006 -12.74
2005 -14.81
2004 -19.19
2003 -14.42
2002 -4.72
2001 2.1
2000 -4.28
1999 -10.08
1998 -6.47
1997 1.65
1996 -0.53
1995 -5.24
1994 -4.71
1993 -1.31
1992 -0.6
1991 0.96
1990 -3.26
1989 -7.65
Australia Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Australia, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $340.85B $369.24B 2024
Annual Imports $296.48B $287.86B 2024
Balance of Trade AUD 1.8B AUD 6.6B Aug'25
Exports AUD 41.9B AUD 45.4B Aug'25
Exports (% GDP) 24.71% 26.8% 2024
FDI Inflows (% GDP) 3.15% 1.88% 2024
Imports AUD 40B AUD 38.7B Aug'25
Imports (% GDP) 22.61% 22.43% 2024
Tariff Rate 2.01% 1.93% 2022
Trade (% GDP) 47.31% 49.23% 2024